Question
Below is information concerning two manufacturing jobs: Item Job 321 Job 322 Units produced 200 165 Standards per unit Direct material quantity 5 kg 6
Below is information concerning two manufacturing jobs:
Item | Job 321 | Job 322 |
Units produced | 200 | 165 |
Standards per unit | ||
Direct material quantity | 5 kg | 6 kg |
Material price | $2 per kg | $3 per kg |
Direct labour hours | 2 hours | 3 hours |
Labour rate | $15 per hour | $12 per hour |
Actual consumption | ||
Direct material quantity | 975 kg | (e) |
Material price | $2.95 per kg | (f) |
Direct labour hours | 395 hours | (g) |
Labour rate | $15.15 per hour | (h) |
Variances Material price | (a) | $ 500 F |
Material quantity | (b) | $ 30 U |
Labour rate | (c) | $ 200 F |
Labour efficiency | (d) | $ 60 U |
Required:
Determine the missing amounts for items (a) through (h).
List the letters (a) to (h) and help me type answers beside the corresponding letter.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started