e Radiology Department of Davidson Hospital provides the following standards regarding its provision of angiography procedures. Standard Quantity or Hours 1.50 catheters per procedure 2.00 hours per procedure Standard Price or Rate $260.00 per catheter $29.00 per hour Direct materials (cardiac catheters) Direct labor (Angiography Technologist) or the most recent month, the department reported the following actual data: Number of procedures performed Number of catheters purchased and used Total cost of catheters purchased and used Number of direct labor hours Total cost of direct labor Part (a) Compute the price, quantity, and total materials variances (1) Materials price variance.. (ii) Materials quantity variance. (iii) Total materials variance Part (b) Compute the price, quantity, and total labor variances () Labor price variance. () Labor quantity variance (0) Total labor variance 54 88 $22,220 94 $3,066 En
e Radiology Department of Davidson Hospital provides the following standards regarding its provision of angiography procedures. Standard Quantity or Hours 1.50 catheters per procedure 2.00 hours per procedure Standard Price or Rate $260.00 per catheter $29.00 per hour Direct materials (cardiac catheters) Direct labor (Angiography Technologist) or the most recent month, the department reported the following actual data: Number of procedures performed Number of catheters purchased and used Total cost of catheters purchased and used Number of direct labor hours Total cost of direct labor Part (a) Compute the price, quantity, and total materials variances (1) Materials price variance.. (ii) Materials quantity variance. (iii) Total materials variance Part (b) Compute the price, quantity, and total labor variances () Labor price variance. () Labor quantity variance (0) Total labor variance 54 88 $22,220 94 $3,066 En
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 40P: Aspen Medical Laboratory performs comprehensive blood tests for physicians and clinics throughout...
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