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Session 7 Philadelphia company
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Terms in this set (14)
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the AP?
What's AA?
AP: 158,200/39,000 = 4.0564
AA: 39,000/9,500 = 4.1053
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the normal budget?
SP
AA
AU
SP: $4
AA: 39,000/9,500 = 4.1053
AU: 9,500
Total: $4
(39,000/9,500)
9,500 = $156,000
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the flexible budget?
SP
SA
AU
SP: $4
SA: 4
AU: 9,500
Total: $4
4
9,500 = $152,000.00
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the standard budget?
SP
SA
SU
SP: $4
SA: 4
SU: 10,000
Total: $4
4
10,000 = $160,000.00
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the price variance?
$158,200-156,000 = $2,200.00 U
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the efficiency variance?
$156,000-152,000 = $4,000.00 U
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the volume variance?
152,000-160,000 = -8,000 F
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For VOH:
What's the total variance?
2,200+4,000-8,000 = -1,800 favorable
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For FOH:
What's the AP and AA?
AP: $39,800/39,000 = $1.02
AA: 39,000/9,500 = 4.1053
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For FOH:
What's the budgeted FOH?
SP: $1
SA: 4
SU: 10,000
Total: $1
4
10,000 = $40,000.00
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For FOH:
What's the applied FOH?
$40,000/10,000 = $4.00
$4*9,500 = $38,000.00
SP: $1
SA: 4
AU: 9,500
Total: $1
4
9,500 = $38,000.00
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For FOH:
What's the budgeted variance?
39,800-40,000 = -200 F
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For FOH:
What's the production volume variance?
40,000-38,000 = 2,000 U
Indicates lower efficiency for FOH
Philadelphia Company:
Standard FOH rate per DLH: $1
Standard VOH rate per DLH: $4
Standard number of DLH per unit: 4 DLH
Budgeted production (in units): 10,000
Actual production (in units): 9,500
Actual DLH worked: 39,000
Actual FOH: $39,800
Actual VOH: $158,200
For FOH:
What's the total variance?
-200+2,000 = 1,800 U
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