
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
النسخة 2الرقم المعياري الدولي: 978-1111824402
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
النسخة 2الرقم المعياري الدولي: 978-1111824402 تمرين 1
Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance
Refer to Cornerstone Exercise 9.1. Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:
Actual number of oil changes performed: 980
Actual number of quarts of oil used: 6,020 quarts
Actual price paid per quart of oil: $5.10
Standard price per quart of oil: $5.05
Required:
1. Calculate the direct materials price variance ( MPV ) and the direct materials usage variance ( MUV ) for June using the formula approach.
2. Calculate the direct materials price variance ( MPV ) and the direct materials usage variance ( MUV ) for June using the graphical approach.
3. Calculate the total direct materials variance for oil for June.
4. What if the actual number of quarts of oil purchased in June had been 6,100 quarts, and the materials price variance was calculated at the time of purchase? What would be the materials price variance ( MPV )? The materials usage variance ( MUV )?
Refer to Cornerstone Exercise 9.1. Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June:
Actual number of oil changes performed: 980
Actual number of quarts of oil used: 6,020 quarts
Actual price paid per quart of oil: $5.10
Standard price per quart of oil: $5.05
Required:
1. Calculate the direct materials price variance ( MPV ) and the direct materials usage variance ( MUV ) for June using the formula approach.
2. Calculate the direct materials price variance ( MPV ) and the direct materials usage variance ( MUV ) for June using the graphical approach.
3. Calculate the total direct materials variance for oil for June.
4. What if the actual number of quarts of oil purchased in June had been 6,100 quarts, and the materials price variance was calculated at the time of purchase? What would be the materials price variance ( MPV )? The materials usage variance ( MUV )?
التوضيح
1.To get material price variance, the di...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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