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Required: Determine the actual production in kg, identify the deviations that occurred during the month. Quickly please The following data are extracted from the records
Required: Determine the actual production in kg, identify the deviations that occurred during the month. Quickly please
The following data are extracted from the records of an industrial company that produces a single product: 1 Data extracted from the standard cost card for direct materials components: Class A Quantity 4 kg Standard price 2 Standard cost 8 Item B quantity 6 kg Standard price 1 Standard cost 6 Total quantity 10 kg and the total standard cost 14 dinars per unit. 2 The output standard rate of return is equal to 87.5% of the direct material cost. 3 Actual data of the materials used during one month for the direct materials components: Type A Quantity 3915 Actual cost 8,221.5 JD Actual price??? Item B Quantity 5394 kg Actual cost 6472.8 Actual price??? Total quantity 9309 kg Total actual cost??? Total actual price???. 4 Actual production during the month equals 800 finished units and 200 units in process completed at 50% for material components. Required: Determine the actual production in kg, identify the deviations that occurred during the monthStep by Step Solution
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