The budgeted and standard data for the productivity include the following Direct labour Ten employees...
70.2K
Verified Solution
Link Copied!
Question
Accounting
The budgeted and standard data for the productivity include the following
Direct labour
Ten employees work for 4 hour a week.The standard rate of pay is ksh. 4 per hour.Output per hour is 40 kg of the product.
Direct material
Material quantity in kg price per kg
x 60 2.00
y 40 1.00
z 100 1.40
From this standard matrix 180kg of product is expected.Actual data for first week of April were as follows
Hours worked 45
Rate of pay ksh 4 per hour
Overhead incurred ksh 5400
Output 1980 kg
Production and consumption of materials were as follows
Material Quantity (kg)
x 700
y 440
z 1120
Required :
(a) Calculate the following direct material variance for each material (10mks)
(i) Total
(ii) Price
(iii) Usage
(iv) Mix
(b) Calculate the direct labour efficiency variance
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.