Question 9 Standard Cost for Product FGT Materials (10kg x 8 per kg) Labour (5hrs x...
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Question 9 Standard Cost for Product FGT Materials (10kg x 8 per kg) Labour (5hrs x 5 per hr) - Variable O/Hds (5hrs x 8 per hr) Fixed O/Hds (5hrs x 9 per hr) Budgeted Results Production 10000 units Sales 7500 units Selling Price 300 per unit 80 30 40 45 195 Actual Results Production Sales Materials Labour Variable O/Hds Fixed O/Hds Selling Price Calculate 13000 units 6000 units 85000 kg Cost 700000 36000 hrs. Cost 330900 400000 500000 260 per unit a. Material total variance b. Material price variance c. Material usage variance d. Labour total variance e. Labour rate variance f. Labour efficiency variance g. Variable overhead total variance and all sub- variances h. Fixed Production overhead total Variance and all sub-variances i Selling price variance j. Sales volume variance Question 9 Standard Cost for Product FGT Materials (10kg x 8 per kg) Labour (5hrs x 5 per hr) - Variable O/Hds (5hrs x 8 per hr) Fixed O/Hds (5hrs x 9 per hr) Budgeted Results Production 10000 units Sales 7500 units Selling Price 300 per unit 80 30 40 45 195 Actual Results Production Sales Materials Labour Variable O/Hds Fixed O/Hds Selling Price Calculate 13000 units 6000 units 85000 kg Cost 700000 36000 hrs. Cost 330900 400000 500000 260 per unit a. Material total variance b. Material price variance c. Material usage variance d. Labour total variance e. Labour rate variance f. Labour efficiency variance g. Variable overhead total variance and all sub- variances h. Fixed Production overhead total Variance and all sub-variances i Selling price variance j. Sales volume variance
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