The following information relates to a company's use of direct labour in a particular period. Direct...
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The following information relates to a company's use of direct labour in a particular period. Direct labour (C) (B) 3.5 hours $21 per hour 10,000 units Standard quantity per unit of output Standard price or rate per unit of input Actual quantity used per unit of output Actual price or rate per unit of input Actual output Direct labour rate variance Direct labour efficiency variance Direct labour flexible budget variance Required (a) Calculate item (A) (2 marks) (b) Calculate item (2 marks) (A) $100,000 F $ 65,000 F (c) Calculate item (C) (3 marks) (Consequential marking is not applicable as incorrect values will not allow the above information to reconcile) The following information relates to a company's use of direct labour in a particular period. Direct labour (C) (B) 3.5 hours $21 per hour 10,000 units Standard quantity per unit of output Standard price or rate per unit of input Actual quantity used per unit of output Actual price or rate per unit of input Actual output Direct labour rate variance Direct labour efficiency variance Direct labour flexible budget variance Required (a) Calculate item (A) (2 marks) (b) Calculate item (2 marks) (A) $100,000 F $ 65,000 F (c) Calculate item (C) (3 marks) (Consequential marking is not applicable as incorrect values will not allow the above information to reconcile)
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a Calculate item A Direct labor rate variance The direct labor rate variance measures the difference ... View the full answer
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Posted Date:
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