6 During the month of April 20X1 Winston Ltd. produced 6,700 dodgits. The cost of the materials in these dodgits was $48,240. Each dodgit used 4 kg of the material and it cost $1.80 per kg during the month. The standards for the production of dodgits for April were 4.2 kg of material per dodgit at a price of $1.60 per kg. The anticipated production for the month had been 6,500 dodgits. Using the reconciliation type of variance report, reconcile the standard cost and actual cost of the materials for dodgits for this period. 10 The standard and actual cost information for production of kodgits for the month of May 20X7 is as follows: Standard labour rate Standard labour usage Actual production Actual hours worked Actual hours paid for Actual wages $8.20 per hour 6 hours per kodgit 800 kodgit 4,500 4,750 $39,900 Using a reconciliation type variance report, reconcile the standard cost and the actual cost of the labour for the period. (In order for the reconciliation to work, you will have to calculate an extra variance for the idle time i.e. cost up the paid, but unworked hours) 6 During the month of April 20x1 Winston Ltd. produced 6,700 dodgits. The cost of the materials in these dodgits was $48,240. Each dodgit used 4 kg of the material and it cost $1.80 per kg during the month. The standards for the production of dodgits for April were 4.2 kg of material per dodgit at a price of $1.60 per kg. The anticipated production for the month had been 6,500 dodgits. Using the reconciliation type of variance report, reconcile the standard cost and actual cost of the materials for dodgits for this period. 7 Javed Ltd. has the following detail for September Standard Units of product 10,000 Materials per product unit Raw material-priced per kg $1.50 4 kg Actual performance Units of product 9,000 Materials purchased and used 39,000 kg Material cost (total) $61,500 Determine the material cost variance in total, with a sub-analysis into price and usage variances