Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Talla Company produces a single product. The company has set standards as follows for materials and labour: Direct Materials ? kilograma Standard quantity or

image text in transcribedimage text in transcribed

Talla Company produces a single product. The company has set standards as follows for materials and labour: Direct Materials ? kilograma Standard quantity or hours per unit 7 per kilogram Direct Labour 1.25 hours $10 per hour $11.25) Standard price or rate. Standard cost per unit During the past month, the company purchased 3,000 kilograms of direct materials at a cost of $8,250. All of this material was used in the production of 700 units of product. Direct labour cost totalled $6,825 for the month. The following variances have been computed: Materials quantity variance Total materials variance Labour efficiency variance Required: 1. Compute the following for direct labour. $600 U $ 150 F $2,250 F a. Standard price per kilogram for materials. b. Standard quantity allowed for materials for the month's production c. Standard quantity of materials allowed per unit of product kgs. kgs per unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Theresa Libby, Alan Webb

9th canadian edition

1259269477, 978-1259269479, 978-1259024900

More Books

Students also viewed these Accounting questions

Question

Sketch and label the hierarchy of needs.

Answered: 1 week ago