EXERCISE 10-15 (CONTINUED) ALTERNATIVE SOLUTION

60, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD 60, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
60,000 feet ($2.90 per foot* – $3.00 per foot) = $6,000 F *$174,000 ÷ 60,000 feet = $2.90 per foot Materials quantity variance = SP (AQ – SQ) $3.00 per foot (40,000 feet – 38,400 feet) = $4,800 U b. Raw Materials (60,000 feet × $3.00 per foot)... 180,000 Materials Price Variance (60,000 feet × $0.10 per foot F)... 6,000Accounts Payable (60,000 feet × $2.90 per foot) ... 174,000 Work in Process (38,400 feet × $3.00 per foot).... 115,200 Materials Quantity Variance (1,600 feet U × $3.00 per foot) ... 4,800 Raw Materials (40,000 feet × $3.00 per foot).. 120,000Problem 10-25 (continued)