The following information concerns two jobs Item Job 557E Units produced 220 Standard per unit Direct...
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The following information concerns two jobs Item Job 557E Units produced 220 Standard per unit Direct materials quantity 8 kg Material Price $4.50 per kg Direct labour hours 2 hours Labour rate $12 per hour Actual consumption Direct materials quantity 1,500 Materials Price $5 per kg Direct labour hours 550 hours Labour rate $10.50 per hour Job 235Q 160 4 kg $3 per kg 2.5 hour $19 per hour (e) (f) (g) (h) Variances Material price (a) $150 F Material quantity (b) $90 F Labour rate (c) $425 U Labour efficiency (d) $475 U Requirements: Determine the missing amounts for items (a) through (h). Show all calculations (2.5 marks each) The following information concerns two jobs Item Job 557E Units produced 220 Standard per unit Direct materials quantity 8 kg Material Price $4.50 per kg Direct labour hours 2 hours Labour rate $12 per hour Actual consumption Direct materials quantity 1,500 Materials Price $5 per kg Direct labour hours 550 hours Labour rate $10.50 per hour Job 235Q 160 4 kg $3 per kg 2.5 hour $19 per hour (e) (f) (g) (h) Variances Material price (a) $150 F Material quantity (b) $90 F Labour rate (c) $425 U Labour efficiency (d) $475 U Requirements: Determine the missing amounts for items (a) through (h). Show all calculations (2.5 marks each)
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