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QUESTION-2-20-Marks)-1 1 21-Jyceltd produces fruit juices, sold in 5-litre containers. Recently, the company adopted the following material standard for one 5 litre of its strawberry

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QUESTION-2-20-Marks)-1 1 21-Jyceltd produces fruit juices, sold in 5-litre containers. Recently, the company adopted the following material standard for one 5 litre of its strawberry juice Direct materials (128 grams @ R0.03 per gram) = R3.847 During the first week of operation, the company experienced the following actual results 5 litre units produced = 40 000 Grams of direct materials purchased and used: 5 200 000 grams at RO 04 per gram. There was no opening or closing inventories of raw materials. . 1 Required-1 2.1.1 Calculate the material issue price variance (3 marks) 1 B 2.1.2 1 Calculate the material quantity variance (3 marks) 1 1 I 22 1 Motorgui Enterprises produces motors for motorcycles. During the year 110 000 motors were produced the actual labour was 60.000 hours at R9 50 per hour 11 Motosaun Enterprises has the following labour standard 1 0.5 hour @ R10 1 22.10 Calculate the labour rate variance (3 marks)1 2.22 Calculate the labour efficiency variance (4 marks) 11

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