Makers Ltd assembles computer games machines. Standard costs have been prepared as follows: The standard direct labour

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Makers Ltd assembles computer games machines. Standard costs have been prepared as follows:

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The standard direct labour rate is £5 per hour.
During May 2005, 5,000 Gamesmasters were sold at £60 each and 2,000 Gotchyas at £110 each.

Actual costs were incurred as follows:

image text in transcribed

There are no opening orc losing inventories.

Required:
A schedule of direct materials and direct labour variances for the month.

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Business Accounting Uk Gaap Volume 2

ISBN: 9780273718802

1st Edition

Authors: Alan Sangster, Frank Wood

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Question Posted: May 27, 2024 02:09 AM

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Makers Ltd assembles computer games machines. Standard costs have been prepared as follows: The standard direct labour

Question:

Gamesmaster Gotchya Standard cost: Direct material: boards 5 10 components 20 30 Direct labour: assembly 5 5 testing 5 10 Overheads charged at 200% 20 30 55 Profit margin 11 85 15 Standard selling price 66 100

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Business Accounting Uk Gaap Volume 2

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