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1.1 REQURED Use the frstin frstiout (FIFO) mehod to complete the table provided below for the stated transactions. (4 marks) INFORMATION The following transactions of

image text in transcribed 1.1 REQURED Use the frstin frstiout (FIFO) mehod to complete the table provided below for the stated transactions. (4 marks) INFORMATION The following transactions of Max Enterprises took place during August 2002 in respect of a component used in production: Table to comblete: 12 REQURED Use the informafon provided below to calculale the amount earned by Joan on 19 July 2022 (4 marks) INFORMATION Joan's normal wage is R360 per hour and her normal working day is 8 hours. The standard production lime for each employee is 10 minules per unit. On 19 July 2022, Joan's production was 60 urits. Using the Halsey bonus system, abonus of 50% of the time stived is given to Joen. 1.3 REQURED Use the information provited below to calculate the following variances. Each answer must indicate whether the varance is favourable or unfavourable. 1.3.1 Material quanfty variante (4 marks) 1.32 Labour rate variance (4 marks) 1.3.3 Variable manufacturing overheads efficiency varance (4 marks) INFORMATION The standard variable costs per unit (with a standard quantity of 25000 unis). set by Kidman Manufacturers, for Product M are as follow: The actual costs for October 2022 are as follows

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