4 way variance

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    Topic
  • November 28, 2011 at 1:56 am #163483
    Anonymous
    Inactive

    Could somebody help me out and finish 4 way variance on Q.31 of 141 (BEC5)

    My mind is fried and I am getting frustrated.

    A. BA. BS. Applied

    101000. X X 108000

    214000. X X 216000

    Thank you

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  • November 28, 2011 at 2:51 pm #311522
    Anonymous
    Inactive

    I see no one else answered you yet…when I get up to it I'll see if I know the answer…

    November 28, 2011 at 3:16 pm #311523
    smcilw1
    Participant

    Question 31 only asks for the VOH variance.

    Actual is $214,000, which is given.

    BA is budget based on actual. We know our budget is $10/hour since the information given tells us there is $2,400,000 of VOH based on 240,000 hours. Therefore, we take $10/hour, budget, times our actual hours worked, 21,600, to get $216,000.

    BS is budget based on standard. Once again our budget is $10/hour, based on standard hours that we planned on. The information on the top of the problem shows that we planned on spending $220,000 at $10/hr, 22,000 hours, so the budget based on standard would be $220,000.

    Applied is the rate of $10/hour multiplied by the amount of hours it should have taken us if we were on budget. This is given to us in the problem as 21,000, so our applied VOH is $210,000.

    I could be wrong, hopefully someone else posts and corrects this if I'm wrong.

    FAR - 87 (7/14/11)
    AUD - 94 (8/31/11)
    REG - 92 (10/19/11)
    BEC - 88 (11/30/11)

    November 28, 2011 at 3:34 pm #311524
    Anonymous
    Inactive

    Thank you very much!!!

    After you do this for 8-9 hrs your mind plays tricks on you.

    I hope to be done with a$$ kicking this week.

    Thanks again

    November 29, 2011 at 9:31 pm #311525
    Anonymous
    Inactive

    Finally got to this topic!!

    Yeah, I think Smcilw1's right.

    I'm a little confused about the applied voh part, but hopefully I'll get it soon.

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