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Question #1 The standard to manufacture a given electronic component is 10 transistors...

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Accounting

Question #1
The standard to manufacture a given electronic component is 10 transistors at $75 per transistor. During the month, 100 electronic components were manufactured. 1,200 transistors were used at a total cost of $96,000.
Calculate: price variance
quantity variance
total variance
AQ
AP
SQ
SP
Question #2
A town will build a bridge which can handle big rigs with trailers. The bridge was budgeted to use 100,000 pounds of concrete at a total cost of $325,000 for the concrete. When the bridge was completed the actual cost of the concrete used was $378,560 at an average cost of $3.38 per pound of concrete installed.
Calculate: price variance
quantity variance
total variance
image

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