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QUESTION 1 (3C 1.1 INFORMATION: Britelite Manufacturers produces a product which has the following standard costs: Material A: 3 kilograms at R20 per kilogram Material
QUESTION 1 (3C 1.1 INFORMATION: Britelite Manufacturers produces a product which has the following standard costs: Material A: 3 kilograms at R20 per kilogram Material B:5 kilograms at R15 per kilogram Direct labour: 8 hours at R10 per hour Fixed overheads: R120 000 Budgeted production: 9000 units Actual results for February 2019 were as follows: Material A: 32 500 kg at R22 per kilogram Material B: 54 000 kg at R14 per kilogram Direct labour: 88 000 hours at R12 per hour Fixed overheads: R132 000 Production: 10 000 units REQUIRED: Calculate the following: 1.1.1 Material mix variance 1.1.2 Material yield variance 1.1.3 Fixed manufacturing overheads volume capacity variance 1.1.4 Fixed manufacturing overheads volume efficiency variance (6) (6) (3) (2)
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