Standard Company A company manufactures a number of products, data for one of wh ich are shown below:

Standard cost

You are required to calculate the :

(a) actual output;

(b) actual price per unit of direct material ;

(e) actual rate per hour of direct labour;

(d) overhead expenditure variance;

(e) overhead volume variance;

(f) selling price variance (g) sales volume profit variance.

Transcribed Image Text:

Direct materials Direct labour Production overhead Administration and selling overhead Profit Budget for April Sales Production Actual results during April Sales Direct materials used Direct labour costs Production overhead incurred Variances calculated in April Direct materials Direct labour 8 units @ 2 per unit 4 hours @ 5 per hour 4 hours @ 6 per hour 50% of production cost 16% of selling price 5,000 units 5,200 units 5,150 units valued at 566,500 77,040 110,770 122,800 price 8,560F usage 800A rate 6,270A efficiency 1,500F