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QUESTION

Use the following data to calculate the variances Standard Cost Profile Lab Treatment SU #12 Expected Treatments = 1,000 Quantity Quantity Unit

Use the following data to calculate the variances

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: 

  1. Volume Variance 
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