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SunAir Boat Company produces lightweight canoes. You are given following information from the cost data for October 2 0 1 7 . The standard cost
SunAir Boat Company produces lightweight canoes. You are given following information from the cost data for October The standard cost of direct material and direct labor per unit of output includes kg of direct materials at budgeted price of Rs per kg and hours of direct labor at Rs per hour.
Actual units of material used kg
Direct Material Flexible Budget Variance DM cost variance RsU Direct Material Usage Variance RsU
Direct Labor Usage Variance RsU
Direct Labor Rate Variance RsU
Calculate following and wherever applicable indicate clearly favorable F or unfavorable U:
Actual Production
Material price variance
Actual material cost incurred
Actual price per unit of raw material
Actual direct labor cost for the month
Actual direct labor hours
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