Standard costing and variance analysis - exercises

Exercise-1 (Computation of materials price and quantity variance)

Exercise-2 (Materials and labor variance, causes of variances)

Exercise-3 (Labor and variable overhead variances)

Exercise-4 (Materials price and quantity variance; labor rate and efficiency variance)

Exercise-5 (Working backward from materials and labor variances)

Exercise-6 (Materials, labor and variable overhead variances)

Exercise-7 (Variance analysis with journal entries)

Exercise-8 (Computation of actual hours worked by working backward)

Exercise-9 (Materials and labor variances; computations from incomplete or missing data)

Exercise-10 (Comprehensive variance analysis, complex computations)