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