You have been given the following information about Blue Spruce Co. Ltd., which uses a...
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Accounting
You have been given the following information about Blue Spruce Co Ltd which uses a standard cost system in accounting for its one product: In the month of November units were produced. The annual overhead budget includes $ for variable and $ for fixed overhead items. Budgeted production for the year is units. Overhead is applied based on direct labour hours. The materials standard per unit is litres at $ per litre. The direct labour standard per unit is hours at $ The actual price paid for material was $ The actual direct labour rate was $ Actual fixed overhead costs totalled $ The following variances have already been calculated: a Calculate the quantity of material purchased. Quantity of material purchased litres
You have been given the following information about Blue Spruce Co Ltd which uses a standard cost system in accounting for its one
product:
In the month of November units were produced.
The annual overhead budget includes $ for variable and $ for fixed overhead items. Budgeted production for
the year is units. Overhead is applied based on direct labour hours.
The materials standard per unit is litres at $ per litre.
The direct labour standard per unit is hours at $
The actual price paid for material was $
The actual direct labour rate was $
Actual fixed overhead costs totalled $
The following variances have already been calculated:
a
Calculate the quantity of material purchased.
Quantity of material purchased
litres
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