The following details relating to the product X during the month of March 2010 are available you are required to compute the material and labour variances as follows Standard cost per unit Material 50 kg at Rs 40 per kg Labour 400 at Re 1 per hour Actual cost for the month Material 4,900 kg at 42 p...

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The following details relating to the product X during the month of March 2010 are available: you

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The following details relating to the product X during the month of March 2010 are available: you are required to compute the material and labour variances as follows:

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 16, 2024 04:08 AM

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The following details relating to the product X during the month of March 2010 are available: you

Question:

Standard cost per unit: Material - 50 kg at Rs. 40 per kg. Labour -400 at Re 1. per hour. Actual cost for the month: Material - 4,900 kg at 42 per kg. Labour 39,600 hours at Rs. 1.10 per hour. Actual production - 100 units.

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Cost Accounting

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