Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

NEED URDGENT HELP Question 8 [2 marks] Bilal Company has a direct labor standard of 15 hours per unit of output. Each employee has a

NEED URDGENT HELPimage text in transcribed

Question 8 [2 marks] Bilal Company has a direct labor standard of 15 hours per unit of output. Each employee has a standard wage rate of Rs.140 per hour. During March, employees worked 14,500 hours. The direct labor rate variance was Rs.91,700 favorable, the direct labor efficiency variance was Rs.154,000 unfavorable. What was the actual labor cost? Question 9 [2 marks] Abdullah Shoaib Company applies overhead based on direct labor hours. The variable overhead standard is 10 hours at Rs.3.50 per hour. During October, Abdullah Shoaib Company spent Rs.157,600 for variable overhead. 57,600 labor hours were used to produce 4,800 units. What was the variable overhead rate variance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Theory

Authors: Ahmed Raihi-Belkaoui

5th Edition

1844800296, 978-1844800292

More Books

Students explore these related Accounting questions