Makers Ltd assembles computer games machines. Standard costs have been prepared as follows: The standard direct labour
Question:
Makers Ltd assembles computer games machines. Standard costs have been prepared as follows:
The standard direct labour rate is £5 per hour.
During May 20X5, 5,000 Gamesmasters were sold at £60 each and 2,000 Gotchyas at £110 each.
Actual costs were incurred as follows:
There are no opening or closing stocks.
Required:
A schedule of direct materials and direct labour variances for the month.
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Step by Step Answer:
To calculate the direct materials and direct labor variances for the month you can use the following ...View the full answer
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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