During the month, 6,500 kg of raw materials were purchased at shs.3.80 per kilo and all of

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During the month, 6,500 kg of raw materials were purchased at shs.3.80 per kilo and all of it was used to produce 2000 units of finished products.Also, 4,500 hours of direct labour time were used at a total cost of shs.64, 350.

REQUIRED

Calculate:

Direct Materials price variance(3 marks)
Direct Materials usage variance(3 marks)
Total Materials Variance( 3 marks)
Direct Labour Rate Variance(3 marks)
Direct Labour Efficiency Variances(4 marks)

Total Labour Variance

Posted Date: May 13, 2024 07:25 AM

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During the month, 6,500 kg of raw materials were purchased at shs.3.80 per kilo and all of

Question:

Expert Answer:

Cost Variances for Raw Materials and Direct Labor Heres a breakdown of the cost variances for raw materials and direct labor based on the information provided 1 Direct Materials Price Variance DMPV St... View the full answer

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