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View Full Version : Standerd Costing and Varicne Analysis


Mism
Nov 11, 2008, 05:05 AM
i need some body help me on this




q) followinf is the information of the groub company . the standerd data of the company to produce DVD's as follws:


Materials 2Kg @ RO 2 per kg
Labour 0.08 hours @2.50 per hour

Variable Overheads 0.08 hours @ 1 per hour
Fixed overheads 0.75 hours @2 per hour


During the period 7000 DVD's . were produced . this was 500 more than anticipated

Actual data is given as follwos:

material purchsed and used (37645kg) @ .9 per kg 33,880
Labour worked and paid (640 hours) @ 2.41 per hour 1,554
Variable overhead 627
Fixed overhead 1,220


Requied :

1-Material proce and usge varinces
2- Labour rate efficiency varinces
3- variable overhead expenditure and efficiency variances
4- fixed overhead expenditure and volume, variances
5- comment briefly on the causes of each varince

Mism
Nov 14, 2008, 11:33 PM
No answer??