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Question2 Thestandardcostcardforaproductshows, Materialcost2kg@ GH2.50each=GH5.00perunit Labour2hours@ GH10each=GH20perunit Theactualwhichhasemergedfrombusinesoperationsareasfolows. Production8,000units,materialconsumed16,500kg@ GH2.40each=GH39,600, Wagespaid18,000hours@ GH8each=GH144,000 Calculate; a)LabourCostVariance b)LabourRateVariance c)LabourEficiencyVariance d)MaterialCostVariance e)MaterialPriceVariance f) MaterialQuantityVariance
Question2
Thestandardcostcardforaproductshows,
Materialcost2kg@ GH2.50each=GH5.00perunit
Labour2hours@ GH10each=GH20perunit Theactualwhichhasemergedfrombusinesoperationsareasfolows. Production8,000units,materialconsumed16,500kg@ GH2.40each=GH39,600, Wagespaid18,000hours@ GH8each=GH144,000
Calculate;
a)LabourCostVariance b)LabourRateVariance c)LabourEficiencyVariance
d)MaterialCostVariance e)MaterialPriceVariance f) MaterialQuantityVariance
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