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2 The following data have been provided by your management accountant for the month of June: Cost variances A RM F RM Direct material price:
2 The following data have been provided by your management accountant for the month of June: Cost variances A RM F RM Direct material price: Material A 990 Material B 150 Direct material usage: Material A 1,800 Material B Direct labour rate 2,400 Direct labour efficiency 4,200 Variable OH expenditure 960 Variable OH efficiency 1,200 Fixed OH expenditure Fixed OH volume 1,500 7,500 There was no opening or closing work in progress and your company has been using a standard absorption costing system. Actual costs incurred for the production of 600 units of AeeBee are as follows: Direct material A@990 kg Direct material B@300 kg Direct wages @4,800 hours Variable OH @4,800 hours Fixed OH Required: RM 18,810 1,950 69,600 20,160 81,000 There is some missing information that is required for the coming departmental meeting. You have been asked by your management accountant to provide the following missing information: Standard product cost: Direct material A kg @ RM RM Direct material B Direct labour Variable OH Fixed OH @RM RM Total budgeted Fixed OH per kg kg @ RM per kg hours @ RM per hour per hour per hour budgeted units
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