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Q 2. Standard Cost Standard Per Unit Rs Sales 800 Material KG Price A 5 40 200 B 10 25 250 Labor Hr. Rate 6
Q 2. Standard Cost
Standard Per Unit | Rs | ||
Sales |
|
| 800 |
Material | KG | Price |
|
A | 5 | 40 | 200 |
B | 10 | 25 | 250 |
Labor | Hr. | Rate |
|
| 6 | 10/hr. | 60 |
FOH |
|
| 10 |
Total Cost per unit | 520 | ||
Profit |
|
| 280 |
Actual Figures 1000 units were sold for Rs 900,000 Required:
Purchased Material A 4800Kg for Rs 201,600 a. Sales Variance
Purchased Material B 10500 Kg for Rs 241,50 b. Material Quantity & Price Variance
Labor hour used 6100 Hrs. paid Rs 54,900 c. Labor Efficiency & Rate Variance
FOH paid 9500 d. FOH Over/Under Absorbed Variance
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