Q4)Standard Costing (Total Marks:20) Qatar Garments has the following Budget for 1 week $ $ Sales @ $3/Unit 30,000 DM 10,000 kilos at 0.50/kilo 5,000 DL 2,000 hrs at $6.40/hr 12,800 V MOH 10,000 units at 0.25 2,500 F MOH 3,500 (23,800) Budgeted Profit 6,200 Unfortunately, they didnt sell as many products as they had planned, as the actual results show, but yet a great profit was achieved. Actual result for one week Sales at $3.20/unit 28,800 DM 9,500 kilos at 0.45/kilo 4,275 DL 2,000 hrs at $6.00/hr 12,000 V MOH 2,000 F MOH 3,250 (21,525) Actual Profit 7,275 Requirements i. Compute all the possible Sales, Material &Labor Variances and produce the Variance analysis attributable to above variances only. (10) ii. Provide the one liner reasons for each Variance

Q4)Standard Costing Qatar Garments has the following Budget for 1 week (Total Marks:20) Sales S3/Unit DM- 10,000 kilos at 0.50/kilo DL-2,000 hrs at $6.40/hr V MOH- 10,000 units at 0.25 F MOH Budgeted Profit Unfortunately, they didn't sell as many products as they had planned, as the actual results show, but yet a great profit was achieved. 30,000 5,000 12,800 2,500 3,500 23,800 () 6,200 Actual result for one week Sales at $3.20/unit DM-9,500 kilos at 0.45/kilo DL-2,000 hrs at $6.00/hr v MOH F MOH Actual Profit 28,800 4,275 12,000 2,000 3,250 (21,525) 7.275 Requirements i. Compute all the possible Sales, Material &Labor Variances and produce the Variance analysis attributable to above variances only Provide the one liner reasons for each Variance