The following standards have been Standards: Materials: Quantitylished for the operation of the X Company: per...

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The following standards have been Standards: Materials: Quantitylished for the operation of the X Company: per unit 2½ yards price per yard Rs.17. Labour: Time per Unit 3.6 hours. Hourly rate Rs.18.40. Overhead: Fixed charge Rs.24,000 per month. m S Resources sif Masood m's Learning Centre, Lahore 0333 4169258 and standard costs and amounts of variances. Use the two-variance method for $2.495 721 Variable Rate Rs.15.00 per unit. Production for the month 4,000 units. Actual Reports for the month of April. Production 4,120 Units. Required Material used 10,510 yards at average of Rs.17.40. Labour 15,276 hour at average of Rs.18.80. Overhead - variable: Rs.66,750. Prepare a statement showing overhead. The following standards have been Standards: Materials: Quantitylished for the operation of the X Company: per unit 2½ yards price per yard Rs.17. Labour: Time per Unit 3.6 hours. Hourly rate Rs.18.40. Overhead: Fixed charge Rs.24,000 per month. m S Resources sif Masood m's Learning Centre, Lahore 0333 4169258 and standard costs and amounts of variances. Use the two-variance method for $2.495 721 Variable Rate Rs.15.00 per unit. Production for the month 4,000 units. Actual Reports for the month of April. Production 4,120 Units. Required Material used 10,510 yards at average of Rs.17.40. Labour 15,276 hour at average of Rs.18.80. Overhead - variable: Rs.66,750. Prepare a statement showing overhead.

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Standard cost per unit Materials 25 yards x Rs17 Rs4250 Labo... View the full answer