Answered step by step
Verified Expert Solution
Question
1 Approved Answer
standard unit cost based kb static bidget vloume of 60000 per months f.Selling and administrative costs were AED 130.000 Requirements: (10 Points) 1. Compute the
standard unit cost based kb static bidget vloume of 60000 per months
f.Selling and administrative costs were AED 130.000 Requirements: (10 Points) 1. Compute the cost variance for direct materials (3 Points) 2. Compute the efficiency variance for direct materials (2 points) 3. Compute the cost variance for direct labor (3 Points) 4. Compute the efficiency variance for direct labor (2 points) B I OP2 TTTT Paragraph Direct Materials petits Direct Labor (4 mins ALD 15 per min Manufacturing Overhead: Variable (4 mins. AED 07 per min.) Fixed (4 mins. @ AED 16 per min.) 92 Total cost per unit AED 1.58 Actual cost and production information for June 2019 follows: a. There were no beginning or ending inventory balances. All expenditures were on account. b.Actual production and sales were 62.000 frisbees. CActual direct materials usage was 10,000 lbs. at an actual cost of AED 0.2A per lb. d.Actual direct labor usage was 208,000 minutes at a total cost of AED 37,440. e.Actual overhead cost was AED 8,000 variable and AED 30,000 fixed. f.Selling and administrative costs were AED 130,000. Requirements: (10 Points) 1. Compute the cost variance for direct materials (3 points) 2. Compute the efficiency variance for direct materials (2 points) 3. Compute the cost variance for direct labor (3 Points)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started