Maura Nobile & Company

Cost of Production Report

Apr-14

Qty Schedule Actual Materials Labor

WD EUP WD
IP, beg 2,000.00 100% 2,000.00 75%
Started 10,000.00
Total 12,000.00

Started and Completed

IP, beg 2,000.00 0% - 25%
Started 7,500.00 100% 7,500.00 100%
IP, end 1,000.00 100% 1,000.00 70%
Normal Loss 900.00 0% - 0%
Abnormal Loss 600.00 100% 600.00 100%
Total 12,000.00 9,100.00

Standard Cost Total IP, Beg Current

Materials 638,250.00 115,000.00 523,250.00
Labor 108,000.00 15,000.00 93,000.00
Overhead 261,900.00 36,375.00 225,525.00
Total 1,008,150.00 166,375.00 841,775.00

IP, beg
Cost last month 166,375.00
Cost to Complete
Material -
Labor 5,000.00
Overhead 12,125.00 17,125.00 183,500.00
Started 688,125.00
Total 871,625.00
IP, end
Material 57,500.00
Labor 7,000.00
Overhead 16,975.00 81,475.00
Factory Overhead Control 55,050.00
Costs Accounted For 1,008,150.00

Actual Cost Total IP, Beg Current

Materials 610,260.00 113,400.00 496,860.00
Labor 107,319.00 15,435.00 91,884.00
Overhead 271,017.00 38,610.00 232,407.00
Total 988,596.00 167,445.00 821,151.00
 IP, beg
Cost last month 167,445.00
Cost to Complete
Material -
Labor 4,940.00
Overhead 12,495.00 17,435.00 184,880.00
Started 671,025.00
Total 855,905.00
IP, end
Material 54,600.00
Labor 6,916.00
Overhead 17,493.00 79,009.00
Factory Overhead Control 53,682.00
Costs Accounted For 988,596.00
Labor Overhead Beg Current
EUP WD EUP Standard Quantity 4,000.00 18,200.00
1,500.00 75% 1,500.00 Standard Hours (labor) 300.00 1,860.00
Standard Hours (overhead) 750.00 4,650.00

Actual Quantity used 21,945.00

Actual Material Cost 610,260.00
500.00 25% 500.00 Actual Hours used (labor) 2,082.00
7,500.00 100% 7,500.00 Actual Labor Cost 107,319.00
700.00 70% 700.00 Actual Hours used (overhead) 5,523.00
- 0% - Actual Overhead Cost 271,017.00
600.00 100% 600.00
9,300.00 9,300.00 Material Price Variance (20,658.75)
Material Quantity Variance (7,331.25)
EUP Unit Cost Labor Rate Variance 3,219.00
9,100.00 57.50 Labor Efficiency Variance (3,900.00)
9,300.00 10.00 Spending Variance 12,827.00
9,300.00 24.25 Variable Efficiency Variance 3,690.00
91.75 Volume Variance (7,400.00)
Total Variance (19,554.00)

Total Actual Cost - Total Standard Cost

(19,554.00) Total Variance

EUP Unit Cost

9,100.00 54.60
9,300.00 9.88
9,300.00 24.99
89.47
Total
22,200.00
2,160.00
5,400.00

F
F
U
F
U
U
F
F