EXERCISE 10-15 (CONTINUED) ALTERNATIVE SOLUTION

32, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD 32, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
32,000 feet ($4.80 per foot – $5.00 per foot) = $6,400 F Materials quantity variance = SP (AQ – SQ) $5.00 per foot (32,000 feet – 29,600 feet) = $12,000 U b. Raw Materials (32,000 feet × $5.00 per foot) ... 160,000 Materials Price Variance (32,000 feet × $0.20 per foot F) ... 6,400Accounts Payable (32,000 feet × $4.80 per foot) ... 153,600 Work in Process (29,600 feet × $5.00 per foot)... 148,000 Materials Quantity Variance (2,400 feet U × $5.00 per foot) ... 12,000 Raw Materials (32,000 feet × $5.00 per foot) ... 160,000Problem 10-18 (continued)