Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please give me the steps to reach the answers: Answer: 4368.0 Answer: 1440.0 I do not know how to get these answers. The following information
Please give me the steps to reach the answers:
Answer: 4368.0
Answer: 1440.0
I do not know how to get these answers.
The following information relates to Questions 1 to 4. A manufacturing company has set the following standards for the production of one unit of product: The budgeted number of units to be produced for the month of June is 600. Direct material price per kg ($ per kg): 6.5 Direct material quantity per unit of product (kg): 7.5 Direct labour rate ($ per hr): 7.5 Direct labour hours per unit of product (hr): 4.5 The actual production for the month of June amounted to 480 units, and the actual data recorded for the month are as follows: Direct material price per kg ($ per kg): 5.5 Direct material purchased (kg): 4608.0 Direct material quantity used (kg): 4272.0 Direct labour rate $ per hr): 6.6 Direct labour hours per unit of product (hr): 4.9 Question 2 Calculate the direct material quantity variance. Please incorporate a negative sign where relevant, and indicate whether the variance is favourable (F) or unfavourable (U). Round to 2 dec places if required. Question 4 Calculate the direct labour efficiency variance. Please incorporate a negative sign where relevant, and indicate whether the variance is favourable (F) or unfavourable (U). Round to 2 dec places if requiredStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started