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 cost variances Standard cost per unit Material 50 kg at Rs 40 per kg Labour 400 hours at Re 1 per hour Actual cost for the month Material 4,900 kg at Rs 4...

The Answer is in the image, click to view ...

The following details relating to the product X during the month of March 2010 are available. You

Question:

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-cost variances:

image text in transcribed

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

See More Books

Question Posted: Jun 16, 2024 04:08 AM

See More Questions

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:...
Hi, I have an Assignment for my Finance Subject. I have attached the necessary documentation here for you to view including the Lecture slides of all the Topics covered for this assignment. Please...
HI I need help to with my assessment. Anyone can help me? T-1.8.1 Details of Assessment Term and Year T2 2017 Time allowed Week 2, 3, 4, 5, 6, 7, 8 Assessment No 1 Assessment Weighting 60% Assessment...
Host A has a file of 49.5Kbytes to send to host C and host B has a file of 70.5Kbytes to send to host D, both using TCP. TCP connection 1 from A to C and TCP connection 2 from B to D share one...
If there is no seasonal effect on human births, we would expect equal numbers of children to be born in each season (winter, spring, summer, and fall). A student takes a census of her statistics...
Do you think some people are treated differently from others for rea- sons that are not job-related?
How does this case relate to job design? LO.1
Journalize the following assumed transactions of Ambient Productions: Feb 22 Issued 1,800 shares of $1.75 par common stock at $5 per share. Jun 25 Purchased 400 shares of treasury stock at $14 per...
Check my w 3 Problem 8.2A (Static) Recording purchases, purchase returns, purchases discounts, and cash payments for a merchandising firm. LO 8-1 25 points High Country Ski Shop is a retail store...
From the following details, you are required to compute the variable-overhead variances. Budgeted variable overhead Budgeted output in units Actual variable overhead Actual output in units Standard...
A gang of workers consisting of 100 skilled workmen, 40 semi-skilled workmen and 60 unskilled workmen were to work for 30 weeks to get a contract job completed. The standard weekly wages were Rs. 60,...
Under price level-targeting monetary policy, a sharp drop in the inflation rate today means what for the future? a. A return to the previous rate of inflation. b. An increase in the inflation rate to...
16. List I describes four systems, each with two particles A and B in relative motion as shown in figures. List II gives possible magnitude of their relative velocities (in m s) at time t = 3 S....
17. List I describes thermodynamic processes in four different systems. List II gives the magnitudes (either exactly or as a close approximation) of possible changes in the internal energy of the...
1. 2 mol of Hg(g) is combusted in a fixed volume bomb calorimeter with excess of O2 at 298 K and 1 atm into HgO(s). During the reaction, temperature increases from 298.0 K to 312.8 K. If heat...
3. A solution is prepared by mixing 0.01 mol each of H2CO3, NaHCO3, Na2CO3, and NaOH in 100 mL of water. pH of the resulting solution is [Given: pk, and pKa2 of H2CO3 are 6.37 and 10.32,...
6. Consider the following reaction. LOH red phosphorous Br2 R (major product) Br On estimation of bromine in 1.00 g of R using Carius method, the amount of AgBr formed (in g) is [Given: Atomic mass...
What are fixed spots, preemptible spots, and floating spots in radio advertising?
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
Apple inc cash flow
Assume todays settlement price on a CME EUR futures contract is $1.3142 per euro. You have a short position in one contract. EUR125,000 is the contract size of one EUR contract. Your performance bond...
Determining ending consolidated balances in the second year following the acquisition-Equity method Assume that your company acquired a subsidiary on January 1, 2012. The purchase price was $650,000...

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

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions