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3.1 Calculate and write the total standard cost per unit. (5 marks) 3.2 Arrange/Write a flexible budget based on the information provided as well as
3.1 Calculate and write the total standard cost per unit.
(5 marks)
3.2 Arrange/Write a flexible budget based on the information provided as well as your answers in 3.1.
(4 marks)
3.3 Calculate the following variances and clearly indicate for each variance whether it is a favourable or an unfavourable variance:
3.3.1 Direct material variances (Price and Usage)
(6 marks)
3.3.2 Direct labour variances (Rate and Efficiency)
(6 marks)
- 3.3.3 Variable manufacturing overhead variances (Rate and Efficiency) (6 marks)
- 3.3.4 Fixed manufacturing overhead variances (Expenditure and Volume)
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