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You are required to design and evaluate the variances (Standard Costing) on the manufacturing 1200 units of inventories (products) in TWO (2) stages (life cycle)

image text in transcribedimage text in transcribedimage text in transcribed You are required to design and evaluate the variances (Standard Costing) on the manufacturing 1200 units of inventories (products) in TWO (2) stages (life cycle) including the forecasting of the duration or time required and the total production cost (Direct materials (DM), Direct Labor (DL), Direct expenses (DE) and Overhead expenses (OH). Prepare a columnar table showing the forecast (standard) and actual costs having ALL favorable variances in STAGE 1 and ALL Adverse variances in STAGE 2. A. Standard Production (Budgeted for whole project) Cost per unit are as follows, You are to allocate the costs for the 2 stages - Total Cost Statement - Standard Costing \& Variance . Requirements of the assignment are as below: - a) GANTT Chart - total duration including the 2 stages. (Only answer Question B-a. gantt chart)

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