Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need as fast as you can answer but the questions are : Total VOH variance + Total FOH variance with steps Total FOH variance
I need as fast as you can answer but the questions are :
Total VOH variance + Total FOH variance with steps
Total FOH variance
Part A: Answer ALL of the following Questions 01. 6 Marks) Al Itihad compnay is located in Abu Dhabi Indusctrial Zone. In April 2016, the compan produced 9,000 units. Materials purchased were 25,000 Kgs of material, costing $50,000 Material used in production were 23,000 Kgs. 16,000 labour hours were used, costing $36,000. Actual variable overhead costs were $70,000. You are given the following standard data for April 2016: Standard Data 10,000 units to be made Material- 2.5 KG at $2.5 per KG Direct labor-2.25 hours at $2 per hour Overhead: Fixed-2 hours at $3.50 per hour Variable-2 Direct labour hours at $4.5 per hour Required: Compute the following variances (3 marks each): 1. Total material variances. Comment on your answer. 2. Total labour variances. Comment on your answer. AnswersStep 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