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Part A Noove Industries provided the following information about its standard costing system for 2021: Standard Data Actual Data Materials 10 kg. @ RM4
Part A Noove Industries provided the following information about its standard costing system for 2021: Standard Data Actual Data Materials 10 kg. @ RM4 per kg Quantity produced 6,000 units Labour 3 hours @ RM21 per hour Materials purchased 75,000 kg for Materials used RM315,000 61,500 kg Actual labour hours 16,500 hours for RM330,000 Required: Compute the followings: (a) Material price variance. (b) Material quantity variance. (c) Labour price variance. (d) Labour quantity variance. (5 marks) (5 marks) (5 marks) (5 marks)
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