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ut of Al-Jurf-Semiconductors LLC manufactures highly demanded tablets and other electronic equipment for export markets. The company reviews and revises standard cost figures annually and it is common practice to allocate fixed overhead using labor hours. Recently, the manufacturing variances in the tablet production line have caused great concern. The production line uses two main direct materials, the electronic components, and the external casing. At the coming monthly staff meeting, you are required to calculate and present performance report for the year ended May 31, 2020. Jestion Actual Results Static-Budget Category Particulars Production Units sold 8,000 units 8,500 units Revenues AED774,375 AED722,500 External Casing Direct Materials Total cost AED 70,125 AED91,000 AED3.25 Cost per gram AED3.00 Candad inuit un Revenues AED774,375 AED722,500 Direct External Casing Materials Total cost AED91,000 AED70,125 Cost per gram AED3.25 AED3.00 Standard input per unit 3.20 grams/unit 2.75 grams/unit Total quantity used 25,600 grams 23,375 grams Electronic Components Total cost AED177,625 AED 140,250 Cost per item AED2.90 AED2.75 Standard input per unit 7 items/unit 6 items/unit Total quantity used 56,000 items 51,000 items Direct Labor Direct manufacturing labor AED240,000 AED 135,150 Standard labor hrs. 2.1 hours/unit 2 hours/unit required B/hour AED 13.25/hour Lahor hour rate Standard input per unit 7 items/unit 6 items/unit Total quantity used 56,000 items 51,000 items Direct Labor Direct manufacturing labor AED240,000 AED135.150 Standard labor hrs. 2.1 hours/unit 2 hours/unit required Labor hour rate AED 13/hour AED 13.25/hour Fixed Total cost AED 102,000 AED 105,400 ad Absorption rate AED6.30/labor AED6.2/labor hour hour REQUIRED: Calculate the following variances: (show all relevant workings) avoTOUT OOONOTTO AED102,000 AED105,400. Fixed Total cost Overhead Absorption rate AED6.30/labor AED6.2/labor hour hour REQUIRED: Calculate the following variances: (show all relevant workings) b. Direct Materials (total, price and efficiency) for both. (6 marks) 1 i BIFT- O- ! E

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