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The following data pertain to the first week of operationsduring the month of june: Materials: actualpurchases 1500 units at Rs.3.80 per unit Actualusage 1350 units
The following data pertain to the first week of operationsduring the month of june:
Materials: actualpurchases 1500 units at Rs.3.80 per unit
Actualusage 1350 units
Standardusage 1020 units at Rs.4.00 per unit
Directlabour: actualhours 310 hours at Rs.12.10 per hour
Standardhours 340 hours at Rs.1.00 per hour
Required: compute thefollowing variance indicating whether the variances are favorableor unfavorable:
(i) Materials purchase price variance price usage variance, andquantity variance.
(ii) Labour rate efficiency variance.
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