Question 1: Senergy Ltd adopts a standard costing system for control purposes. The following standards have...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6654db0154cfd_1216654db0150b90.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6654db018bce9_1216654db01878a0.jpg)
Transcribed Image Text:
Question 1: Senergy Ltd adopts a standard costing system for control purposes. The following standards have been developed for one of its products. Direct materials Direct labour 15kilograms@4 per kilogram 5 hours@ 17 per hour Variable manufacturing overheads 5 hours@ 15 per hour Standard cost 220 The actual data for the month of June is as below. Units produced Direct materials purchased and used Direct labour Variable manufacturing overheads incurred 12,000 units 210,000 kilograms @ 3.80 per kilogram 62,000 hours @ 16.5 per hour 991,000 Required: the below variances: 14C Question 1: Senergy Ltd adopts a standard costing system for control purposes. The following standards have been developed for one of its products. Direct materials Direct labour 15kilograms@4 per kilogram 5 hours@ 17 per hour Variable manufacturing overheads 5 hours@ 15 per hour Standard cost 220 The actual data for the month of June is as below. Units produced Direct materials purchased and used Direct labour Variable manufacturing overheads incurred 12,000 units 210,000 kilograms @ 3.80 per kilogram 62,000 hours @ 16.5 per hour 991,000 Required: the below variances: 14C
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
What is the role of cost allocation in strategic performance measurement?
-
What is the importance of making a positive impact?
-
Collect two takeout menus from restaurants near your home. Identify by circling the menu items, any reference to preparation style, brand - name ingredients, origin, size, or health benefit of their...
-
You collect data on 26 metropolitan areas to analyze average monthly debt payments in terms of income and the unemployment rate. A portion of the data is shown in the accompanying table. a. Estimate...
-
1. Can you compute someone's tax liability? What is the tax on an AGI of 105,000 with a standard deduction of $12,550
-
Of the 350 million children under 17 years living in sub-Saharan Africa, 43 million are orphans. true or false
-
Salinger Company estimates that total factory overhead costs will be $70,000 for the year. Direct labor hours are estimated to be 10,000. a. For Salinger Company, determine the predetermined factory...
-
SCS receives on average 1 data package every 1/50 seconds, with a standard deviation of 1/50 seconds, and processes them using its single powerful computing unit, which can process data packages in...
-
Suppose that we pay workers $25 per day.We value processed orders at $4 per order and the number of orders each worker can process is worker 1 - 8 orders, worker 2 - 7 orders, worker 3 - 6 orders,...
-
How do I imagine that I am the administrator of a midsize long-term care facility with an outdated information system and I have been given thetaskto planand managethe integration of a new database...
-
You are negotiating a five - year contract with a new customer. The contract could be larger than any previous contracts your company has had. Which would be your best negotiation style?
-
(Just based on the information provided, the answer don't have to be accurate). The RBA's February and August 2020 Statement on Monetary Policy Outlook...
-
Stats teachers cars A random sample of AP Statistics teachers was asked to report the age (in years) and mileage of their primary vehicles. A scatterplot of the data, a least-squares regression...
-
Penguins diving A study of king penguins looked for a relationship between how deep the penguins dive to seek food and how long they stay under water.31 For all but the shallowest dives, there is a...
-
Whats my grade? In Professor Friedmans economics course, the correlation between the students total scores prior to the final examination and their finalexamination scores is r = 0.6. The pre-exam...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App