Robb Industries Inc. ( RII ) , developed standard costs for direct material and direct labour. In
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Robb Industries Inc. RII developed standard costs for direct material and direct labour. In RII estimated the following standard costs for one of their major products, the litre plastic container.
Budgeted quantity Budgeted price
Direct materials kilograms $ per kilogram
Direct labour hours $ per hour
During June RII produced and sold containers using kilograms of direct materials at an average actual cost per kilogram of $ and direct manufacturing labourhours at an average actual wage of $ per hour.
June's direct material efficiency variance is
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
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