NDARD COSTING Question 132005) MEDermott le is manufacturer of bedroom performance of managers and departments, standard usation cost car for one of its model Dreamer, given below 25000 Selling price Production cost Direct material: 12 metres Direct labour 4 hours at 26-00 per hour Variable overhead: A hours at 1500 per hour Fuad Overhead: 4 hours at 1000 per hour 18.00 14-00 5000 4000 342.00 Gross profit 1108-00 Budgeted production and sales are 1,000 Dreamers per month Actual results for the manufacture and sale of Dreamers for the most recent month were as follows: Sales 1.200 beds at E240 each Production: 1.300 beds Direct material purchased and 16.000 metres at 1.40 per metre Direct labour worked and paid: 5,000 hours at 600 per hour Variable overhead 75,500 Fred overheads 54,600. There were no opening stocks of finished good uired: (a) Calculate the following variantes for the most recent month 00 Direct material price Direct material usage (110 Direct labour rate; flv) Direct labour efficiency: (M). Variable overhead expenditure: Variable overhead efficiency (vi) Fixed overhead expenditure: Fixed overhead capacity (1x) Fixed overhead efficiency: () Sales volume in terms of profit D) Sales price (vln (22 marks 163 These Notes Are Not For Sale