Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4b You have been piven the following information about the production of Pharoah Co and are asked to provide the factory manager with information for

4b
image text in transcribed
image text in transcribed
You have been piven the following information about the production of Pharoah Co and are asked to provide the factory manager with information for a meeting with the vice-president of operations Standard Cost Card $17.68 Direct materials (5.20 kg at $3,40 per kilogram) Direct labour (o 50 hours at $4.10) Variable overhead (0.50 hours at $3.40 per hour) 2.05 1.70 Fixed overhead (0.50 hours at $600 per hour) 3.00 $24.43 The following is a production report for the most recent period of operations Variances Total Standard Cost Spending/ Budget Quantity/ Ethiciency Costs Price/ Rate Volume $332,384 $5.029 F $9588 Direct materials Direct labour 38,540 2.685 U 5.494 U Variable overhead 31.960 $1.300 F ? Fixed overhead 56,400 400 F $11,8200 How many kilograms of raw material were purchased and used during the period? Raw materials purchased kilograms

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting

Authors: Budding, Tjerk, Grossi, Giuseppe, Tagesson, Torbj

1st Edition

0415683149, 9780415683142

More Books

Students also viewed these Accounting questions

Question

Solve the following equation. x 5/4 = 32

Answered: 1 week ago