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Adam Plastina Sdn Bhd processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for
Adam Plastina Sdn Bhd processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 15,000 units of product were as follows: Projects MA Direct materials Direct labor Factory overhead Standard Costs 5,000 lbs. at RM50.00 3,000 hrs. at RM25.00 Rates per direct labor hr., based on 100% of normal capacity of 3,200 direct vhuch labor hrs.: BerhurstunsM Variable cost, RM5.50 Fixed cost, RM4.00 Each unit requires 0.2 hour of direct labor. et tap Actual Costs 4,950 lbs. at RM50.60 2,945 hrs. at RM25.60 RM16,680 variable cost RM12,800 fixed cost Instructions Determine (a) the direct materials price variance, direct materials quantity variance, and total direct materials cost variance; (b) the direct labor rate variance, direct labor time variance, and total direct labor cost variance; and (c) the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance.
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