EXERCISE 10-15 (CONTINUED) ALTERNATIVE SOLUTION

10, - SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
SOLUTIONS TO QUESTION MANAGERIAL ACCOUNTING CH10 STANDARD COST AND THE BALANCE SCORECARD
10,500 feet ($5.30 per foot – $5.00 per foot) = $3,150 U The total variance for materials would be: Materials price variance... $3,150 U Materials quantity variance ... 4,500 U Total variance... $7,650 U Alternative approach to parts (a) and (b): Standard Quantity Actual Quantity of Input, at Actual Quantity of Allowed for Output, Input, at Actual Price Standard Price at Standard Price (AQ × AP) (AQ × SP) (SQ × SP)