Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pag Question 1 (12 Marks) In 2018, Robb Industries Inc. (RII), developed the following standard costs for direct material and direct labour. for one of

image text in transcribed
image text in transcribed
Pag Question 1 (12 Marks) In 2018, Robb Industries Inc. (RII), developed the following standard costs for direct material and direct labour. for one of their major products, plastic container. Budgeted quantity Budgeted price Direct materials Direct labour 30 per kilogram 15 per hour 10 kilograms 05 hours During June 2019, RII produced and sold 5,000 containers using 490 kilograms of direct materials at an average actual cost per kilogram of $32 and 250 direct labour-hours at an average actual wage of $15.25 per hour. Ot Rate Requirement (a) What is June's direct material price variance? Solution: Total 2 SD Tota Requirement (b) 2 Solution: Requirement (b) What is June's direct material quantity variance? Solution: Requirement (c) What is June's direct labour rate variance? Solution: Requirement (d) What is June's direct labour efficiency variance? Solution

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

Step: 3

blur-text-image

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

Residential Energy Auditing And Improvement

Authors: Stan Harbuck, Donna Harbuck

1st Edition

8770229252, 978-8770229258

More Books

Students also viewed these Accounting questions

Question

What are some of the possible scenes from our future?

Answered: 1 week ago