Old MathJax webview

Old MathJax webview

Question 1 Mandla Limited operates a standard costing system. Standard information relating to product Skumba, which is made in is given below: Sales units Selling price per unit Direct material Direct labour Variable overheads Fixed overhead rate 3kg @ R30 per kg 4 hours @ R100 4 hours @ R20 4 hours @ R20 Actual information is as follows: 800 R750 Sales units Selling price per unit Direct material Direct labour Variable overheads Fixed overheads 2500kg @ R35 per kg 3000 hours @ R110 per hour R75 000 R60 000 800 Sales units Selling price per unit Direct material Direct labour Variable overheads Fixed overheads R750 2500kg @ R35 per kg 3000 hours @ R110 per hour R75 000 R60 000 Required: Calculate the following variances (Note: show ALL calculations and fo i. The sales price variance il. The sales volume variance III. The direct material price variance IV. The direct material usage variance V. The direct labour rate variance Vi. The direct labour usage variance vii. The variable overhead rate variance Vi. The variable overhead usage variance ix. The fixed overhead expenditure variance X. The fixed overhead volume variance