Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Pls attach the answers in detailed.tq Part B Followings are information about Beryl's Chocolate: 1. Actual production: 4,000 boxes of chocolates 2. Direct materials: actual
Pls attach the answers in detailed.tq
Part B Followings are information about Beryl's Chocolate: 1. Actual production: 4,000 boxes of chocolates 2. Direct materials: actual used 4,300 pounds of chocolate at RM 15 per pound. Standard price is RM 16 per pound and standard quantity allowed per box of chocolates is 1 pound. 3. Direct labour: actual hours of 6,400 at RM 30.5 per hour. Standard hours allowed per box of chocolate is 1.5 hours. Standard price is RM 30 per hour Required: Calculate the followings: i. Material price variance ii. Material quantity variance iii. Labour price variance iv. Labour quantity variance (2.5 marks) (2.5 marks) (2.5 marks) (2.5 marks)Step 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