Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Cost of the product Total direct material cost (65.80*10920000) =718536000 Total direct labour cost 144000 Prime cost 718680000 Manufacturing overhead Blender, Refrigerator Shop rent
Cost of the product Total direct material cost (65.80*10920000) =718536000 Total direct labour cost 144000 Prime cost 718680000 Manufacturing overhead Blender, Refrigerator Shop rent Total cost 14,400 20,000 34400 No of ml per year Cost per ml 35000*12 420000 = 34400/420000=$0.082 What sort of variance (e.g., Raw materials/Labor/Manufacturing Overhead) you may observe?
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