Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.
image text in transcribed
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: Each unit requires 0.2 hour of direct labor. 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

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

Crossover Of Audit And Evaluation Practices Comparative Policy Evaluation

Authors: Maria Barrados, Jeremy Lonsdale

1st Edition

1032173874, 978-1032173870

More Books

Students also viewed these Accounting questions