Question: QUESTION Nura Precision Sdn. Bhd. produces a single product which uses a standard costing system to control its costs The standard and actial costs

QUESTION Nura Precision Sdn. Bhd. produces a single product which uses a standard costing system to control its costs The standard and actial costs data to produce one unit of the product for February 2021 is as given: Direct Materials 4_Okg at RM7.20 kg 4 _ 4k: at R_M6_ 70 kg Direct Labour I _ 6 hours at R2v19.OO hour 14 hours at R_M9.70 hour Varia ble Manufacturing Overhead I .6 hours at R2v13.60 per hour I .4 hours at P2v14.30 hour Total cost per unit STANDARD P-M280 RM14.40 ACTUAL RM2948 PM602 RM49.OS Dunng Febmary, 4, 800 units of product were produced The comparison of standard and actual cost on the bans of total cost IS given below: Actial cost 4 800 units x PM4g.O Standard cost 4 800 units x P&.14S PM23i584 OOS The company purchased 21, 120 kilograms ofmaterials from its vendors in February. There w as no of materials in stock at the stan and at the end of month.
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