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Hsm 260 Week 4 Case Study

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Hsm 260 Week 4 Case Study
Week 4 Exercise
15-1.
Items to Classify | Standard | Actual | Type of Variance | Labor cost | $10.00 per hr | $9.60 per hour | favorable | Labor usage | 61,000 hrs | 61,800 hrs | unfavorable | Fixed cost spending | $400,000 | $390,000 | favorable | Fixed cost per unit | $3.20 per unit | $3.16 per unit | favorable | Sales volume | 40,000 units | 42,000 | unfavorable | Sales price | $3.60 per unit | $3.63 per unit | unfavorable | Materials cost | $2.90 per pound | $3.00 per pound | unfavorable | Materials usage | 91,000 pounds | 90,000 pounds | favorable |

15-2. Item | Budget | Actual | Variance | F or U | Sales Price | $650 | $525 | $125 | F | Sales revenue | $580,000 | $600,000 | $20,000 | U | Cost of goods sold | $385,000 | $360,000 | $25,000 | F | …show more content…
Material purchase @5,000 lbs | $275,000 | $280,000 | $5,000 | U | Materials usage | $180,000 | $178,000 | $2,000 | F | Production volume | 950 units | 900 units | 50 units | F | Wages @4,00 hrs | $60,000 | $58,700 | $1300 | F | Labor usage @$16 per hr | $96,000 | $97,000 | $1000 | U | Research & Development expenses | $22,000 | $25,000 | $3000 | U
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