BUSI 101 1st Edition Lecture 27Outline of Last Lecture I. Chapter 10 equations – ROI & RI ReviewII. Page 202 – Chapter 10 Practice Exam QuestionsIII. Ex. 10-15IV. Ex. 10-3AV. Chapter 11 Variances Introductiona. 6 Variancesb. Problems in CoursepackOutline of Current Lecture I. Chapter 11 Continueda. Direct Materials Variancesb. Direct Labor Variancesc. Overhead VariancesII. Page 162 in Course PackIII. Page 204 in Course PackCurrent Lecture- Final Review April 26 at 12pm- Final Exam 60-90 multiple choice questionsChapter 11 Continued - VariancesThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.Direct Materials:Actual FBAI FBAOAQxAP AQxSP SQxSPMPV MEVAQ(AP-SP) SP(AQ-SQ)Direct Labor:Actual FBAI FBAOAHxAR AHxSR SHxSRLRV LEVAH(AR-SR) SR(AH-SH)Overhead:Actual FBAI FBAO App. Or Std.Variable SHxSR SHxSRFixed BHxSR SHxSRTotal Total TotalControllable Variance Volume Variance(FBAO Total-Actual Total) (App. Total-FBAO Total)Page 162 in Course Pack1. B2. BActual FBAI FBAO104,000 110,000Flexible Budget Variance=6,000 F3. C – do not need to know for exam4. CDirect Labor:Actual FBAI FBAOAHxAR AHxSR SHxSR33,000 34,000Overall Variance = 1000F5. DOverhead:Actual FBAI FBAO App. Or Std.Variable 295,000 295,000Fixed 120,000 118,000416,500 415,000 413,000Controllable Variance Volume Variance1500U 2000UOverall Variance 3500 UPage 238 in Course Pack – solution is there…STUDY THIS for examPage 204 in Course Pack46. C47. BActual FBAI11400 12,000MPV600F48. AFBAI FBAO42400 48,000MEV3200 F50. BActual FBAI19,600 20,000LRV400F59.FBAI FBAO126,000 120,0006000
View Full Document
Unlocking...