3.8 Topic 5

5-18 (1) Illinois Variance = $150,000 U

5-20 (1) Materials price variance = $1,100 U

5-22 Materials price variance = $28,800 U

5-24 (2) Materials quantity variance = $275 U

5-26 (1) Labor efficiency variance = $1,600 U

5-28 (d) Standard labor cost per hour = $4.20

5-30 (1) Scranton Segment margin = $10,500

5-32 (2) Shampoo Sales price variance = $4,800 F

5-34 (f) ROI = 25%

5-36 (1) Residual income of New Investment = $800

5-38 (2) Europe Variance = $50,000 F

5-40 (1) Materials price variance = $18,750 F

5-42 (1) Actual costs of materials = $76,720

5-44 (2) Materials quantity variance = $320 U

5-46 Grocery Department Total margin = $65,000

5-48 (2) Tortillas Sales price variance = $760 F

5-50 (2) Calculator Segment margin = $4,000

5-52 (2) Joliet Asset turnover = 2.67

5-54 (4) Los Angeles ROI = 14.0%

5-56 (2) Residual income of the Proposed Investment = $4,000