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QUESTION IS ON THE PICTURE Question 2 SHJNEE 53'9 and manufactures standard leather walking boots, model number 11307, for which the standard unit cost and
QUESTION IS ON THE PICTURE
Question 2 SHJNEE 53'9\" and manufactures standard leather walking boots, model number 11307, for which the standard unit cost and selling price are as follows: RM Direct materials: Leather 3 kg at RM 5 per kg 15.00 Other costs: Direct labour 1.5 hours at RM4 per hour 6.00 Variable production overheads 1.5 hours at RM2 per hour 3.00 Fixed production overheads 1.5 hours at RM6 per hour Standard cost w Standard selling price M Budgeted production and sales for 2014 were 3,000 units of JB07. During 2014, actual results were as follows: Production and sales of JB07 3,200 units Sales revenues RM 141,000 Costs: Leather purchased and used 9,200 kgs cost RM 45,000 Direct labour: hours paid for 5,850 hours Productive hours 5,100 hours Labour cost RM 24,100 Variable production overheads RM 10,650 Fixed production overheads RM 31,500 Required: Prepare an operating statement reconciling budgeted and actual prot. Show all relevant workStep by Step Solution
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