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  3. sales @ gh125 = gh4,300 bought and used 11,250kg o

Sales @ GH125 = GH4,300 Bought and used 11,250kg of Direct material GH106,875. 9,000 Direct...

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Accounting

Sales @ GH125 = GH4,300 Bought and used 11,250kg of Direct material GH106,875. 9,000 Direct labour hours GH 126,000Variable overheads GH 49,500 Fixed Overhead GH60,000 Required:A) Determine the followingi) Material Price Varianceii) Material Usage Varianceiii) Total material varianceiv) Labour Rate Variancev) Labour Efficiency Variancevi) Total labour variancevii) Variable overhead expenditure variance viii) Variable overhead efficiency variance

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Aduana Ltd produces and sell a special product called DAWADAWA. The standard cost of the product is as follows: GHe Direct Material (3kg @ GHe 10) 30 Direct Labour (2hrs @ GHe15) 30 Variable Overhead (2hrs @ GHe5) 10 Fixed Overhead (2hrs @ GHe6) 12 Total Unit cost 82 Additional information: Projected production and sales units are 5,000 and 4,500 respectively. The standard selling price is GHe 120. Actual performance is presented as follows: Production units 4,500

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