Question
PART B. EXERCISE 1- LO1, LO2, LO3 Halo Enterprises recently experienced a fire, forcing the company to use incomplete information to analyse operations. Consider the
PART B.
EXERCISE 1- LO1, LO2, LO3
Halo Enterprises recently experienced a fire, forcing the company to use incomplete information to analyse operations. Consider the following data and assume that all materials purchased during the period were used in production: Direct materials: Standard price per pound: 9 Actual price per pound: 8 Price variance: 20,000F Total of direct-material variances: 2,000F Direct labour: Actual hours worked: 40,000 Actual rate per hour: 15 Efficiency variance: 28,000F Total of direct-labour variances: 12,000U Halo completed 12,000 units. Required:
Determine the following:
(3) direct-labour rate variance, (5 marks)
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