Reference no: EM131352355
Use the following data to calculate the variances in problems 1–5.
Standard Cost Profile
Lab Treatment SU #12
Expected Treatments = 1,000
Quantity Quantity Unit Variable Average Average
Resource Variable Fixed Cost Cost Fixed Cost Total Cost
Labor 0.80 0.80 $ 16.00 $ 12.80 $ 12.80 $ 25.60
Supplies 7.00 0 1.10 7.70 0 7.70
$ 20.50 $ 12.80 33.30
Actual Month Cost
Lab Treatment SU #12
Actual Treatments = 1,100
Quantity Unit Total
Resource Used Cost Cost
Labor 1,600 $ 17.00 $ 27,200
Supplies 7,500 1.00 7,500
$ 34,700
Calculate the following variances:
Efficiency Variance – Supplies
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