Happy Blooms Sdn Bhd has developed the following data for its product named HB for the...
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Happy Blooms Sdn Bhd has developed the following data for its product named HB for the year 2022: Direct material Direct labour Variable production overhead Fixed production overhead Standard Quantity/ Standard Hour 4 kg 3 hours 3 hours 3 hours Standard Price / Standard Rate RM5.00 RM6.00 RM4.00 RM2.00 Happy Blooms Sdn Bhd has developed the following data for its product named HB for the year 2022: Direct material Direct labour Variable production overhead Fixed production overhead Standard Quantity/ Standard Hour 4 kg 3 hours 3 hours 3 hours Standard Price / Standard Rate RM5.00 RM6.00 RM4.00 RM2.00
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Answer rating: 100% (QA)
a Advantages of standard costing 1 Cost control Standard costing provides a benchmark against which actual costs can be compared It helps in identifying cost variances and taking necessary actions to ... View the full answer
Related Book For
Management Accounting
ISBN: 978-0132570848
6th Canadian edition
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
Posted Date:
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