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The actual results for September are as follows: 1600 low-cost meals were produced and delivered and there was no variance in the budoeted and actual
The actual results for September are as follows: 1600 "low-cost" meals were produced and delivered and there was no variance in the budoeted and actual meals oroduced. There was no work in progress or finished goods in inventory at the beginning or the end of the month. Material recorded in the actual cost and the results of the company are accounted for on the absorption cost basis. 1. Calculate the fixed overhead variance 2. Calculate the variable overhead variance 3. Calculate the material price variance 4. Calculate the labor mix variance and labour yield variance 5. If Given that the budged selling price was R40 and tge actual selling price was R42. Calculate the sales price variance
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