Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

AutoSave Off Document4 - Word Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Share Comments X Cut Times New

image text in transcribed

image text in transcribed

AutoSave Off Document4 - Word Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Share Comments X Cut Times New Rom 12 AA Aa to E ALT 1 Normal 1 No Spac... Heading 1 Heading 2 Title La Copy & Format Painter Find Gbc Replace Select Paste 13 BIU ab x, X A LA Dictate Editor Clipboard Font Editing Voice Editor L Paragraph Styles IIIIII.1 III.2 III.3. III.4. III.5. IIII.6LIAI.7 Trafalgar Producers Ltd. operates a standard costing system, which provides the company with cost information that is virtual to its budget preparation each period. One of the products produce by the company is Work Right. At the end of September 2016, the following information was extracted from the company's records: Details Standard cost per unit $ Direct raw materials 20 liters at $40 each 800 5.1.1.1.4.1.1.3.,.,.,.21111111 Direct labour 3 hours at $150 each 450 Total 1250 Actual results for the month: Opening stock direct raw materials - 20,000 liters Production -5,000 liters Direct raw materials purchased was 90,000 liters valued at $3,420,000 Page 1 of 2 145 words Focus 100% Type here to search o D 10:52 AM 3/20/2021 7 AutoSave Off Document4 - Word Search shaz25379@gmail.com S 7 File Home Insert Design Layout References Mailings Review View Help Share Comments X Cut Times New Rom 8 A A A A == = = [ AaBbCcDc AabbCcDc AaBbc Aabbcc AaB 1 Normal 1 No Spac... Heading 1 Heading 2 Title La Copy * Format Painter Find Sbc Replace Select Paste BIUab x, X? AA Dictate Editor Clipboard Editing Voice Editor Font Paragraph Styles 1...l.........l...l...2.1.1.1.3.1.1.1.4.1.1.1.5.1.1.1.6......... Direct raw materials purchased was 90.000 liters valued at $3,420,000 Closing stock of direct raw materials 8,000 liters Direct labour 15,200 hours at a cost of $2,219,200 1. Direct raw material price variance is $: . 10 LTL191..1...8...1...711111611.li.. 2. Direct raw material usage variance is $: 3. Direct labour rate variance is $: | 4. Direct labour efficiency variance Page 1 of 2 145 words D Focus 100% Type here to search 10:52 AM 3/20/2021

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_2

Step: 3

blur-text-image_3

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

CISA Certified Information Systems Auditor Practice Exams

Authors: Peter H. Gregory

1st Edition

1260459845, 978-1260459845

More Books

Students also viewed these Accounting questions

Question

Identify the different methods employed in the selection process.

Answered: 1 week ago

Question

Demonstrate the difference between ability and personality tests.

Answered: 1 week ago