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COS$3247$N$\_$C$2\_23$

October Examination Cycle

COS$3247$N$\_$C$2\_23-$ Access Your MCQ Assignment for October $2024$ Examination Here.

Cost and Management Accounting $3$

Question $26$

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Question text

The Ali Company uses a standard costing system. The company established the following direct materials cost standards for one unit of product K: Standard Quantity$/$Standard Rate$/$Standard Cost; $4$ kg$/$R$5/$R$20.$ During the month of January, Ali purchased $25,000$ kg$,$ of materials at a cost of R$128,750$ and used $10,250$ kg of materials to produce $2,500$ units of product K$.$ Calculate the materials price variance for January.

Select one:

a$.$ R$3,700$ favourable

b$.$ R$3,700$ unfavourable

c$.$ R$3,750$ favourable

d$.$ R$3,750$ unfavourable

Clear my choice

Question $27$

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Question text

During the month of December actual direct labour cost amounted to R$39,550,$ the standard direct labour rate was R$10$ per hour and the direct labour rate variance amounted to R$450$ favourable. The actual direct labour hours worked were:

Select one:

a$.3,910$ hours

b$.4,000$ hours

c$.4,500$ hours

d$.3,955$ hours