Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. required use the information provided below to cal

required use the information provided below to calculate the following variances. each answer must indicate...

90.2K

Verified Solution

Question

Accounting

REQUIRED Use the information provided below to calculate the following variances. Each answer must indicate whether the variance is favourable or unfavourable. 1.3.1 Material quantity variance 1.3.2 Labour rate variance 1.3.3 Variable manufacturing overheads efficiency variance (4 marks) (4 marks) (4 marks) INFORMATION The standard variable costs per unit (with a standard quantity of 25 000 units), set by Kidman Manufacturers, for Product M are as follows: The actual costs for October 2022 are as follows: Materials 4 kg at R10 per kg Labour 2 hours at R20 per hour Variable overhead 2 hours at R12 per hour Materials 100 000 kg were purchased for R980 000 Materials 78 000 kg were used to produce 20 000 units of Product

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

Which segment is adjacent to ZB OBE OBD B D E

Accounting
1.2K views

Practice questions (1)        The standard costs of wooden ducks on wheels, for the CURRENT year, for 5 mm...

Biology
1.2K views

Red-green Color-blindness is sex-linked recessive. Two parents with normal colorvision have a color-blind child. Give...

Physics
1.2K views

In the given diagram choose correct options The value of I is 4A The current...

Physics
1.2K views

Two point charges q and 2q are placed at a certain distance apart Where should...

Basic Math
1.2K views

Every year in Delaware there is a contest where people create cannons and catapults designed...

Calculus
1.2K views

Let d(t) = 30t feet continue to be the distance function with respect to time...

Calculus
1.2K views

b 2V 105 3 0 6 rad 130 Show Transcribed Text This exercise involves the...

Calculus
1.2K views

Perform the subtraction and find the difference 2x 0x 12x 2x 8x 6x Ax Bx...

Accounting
1.2K views

A company reported gross profit of $91,000, total operating expenses of $48,500 and interest income...

Accounting
1.2K views

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost On April 1, Sangvikar Company...

Accounting
1.2K views

Give an example of internsl and external audit evidence that you will collect during the...