EXERCISE 10-9 (30 MINUTES)

1. - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
1. a. Notice in the solution below that the materials price variance is com-puted on the entire amount of materials purchased, whereas the ma-terials quantity variance is computed only on the amount of materials used in production. Actual Quantity Standard Quantity of Input, at Allowed for Output, at Actual Price Actual Quantity of Input, at Standard PriceStandard Price (AQ × AP) (AQ × SP) (SQ × SP)