Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please share the answer in excelsheet 8. Altd produces an unique product called AntiPollu(AP) which is used by several automobile companies to reduce pollution.. 10

image text in transcribedPlease share the answer in excelsheet

8. Altd produces an unique product called AntiPollu(AP) which is used by several automobile companies to reduce pollution.. 10 units of AP can be produced by 150 units of X and Y in the ratio of 2:1. Product Cost (standard) Material Cost X (100@ 20 unit) Y (50 units) 2,000 1,500 3,500 Labour Cost 10 * 8 hours *80 Overhead on the basis of the labour hours) 6,400 2,400 12,3001 10 Output (units Cost per unit 1,230 During the period the company produced 200 units at actual cost of Rs. 1813 per unit. The company used 2000 hours of labour at 75 per hour and 2500 units of X 2000 units of Y. Cost of X used: 62,500 Cost of Y used: 70,000 Find the following . Material Price Variance Material Quantity Variance Material Yield (output) Variance Labor Cost Variance Labour Rate Variance Labour Efficiency Variance Overhead Variance Total Cost 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

Payroll Accounting

Authors: Bernard J. Bieg, Judith A. Toland

2013 edition

113396253X, 978-1133962533

More Books

Students also viewed these Accounting questions

Question

b. Prepare an accounting statement of cash flows.

Answered: 1 week ago