The Sudbury, SOuth Carolina, plant of Saldanha Sports Companyhas the following s

Question

The Sudbury, SOuth Carolina, plant of Saldanha Sports Companyhas the following standards for tis soccer ball Production: Standards: Material (leather) per soccerball                            0.25 yard Material price peryard                                            $16 Direct labor hours per soccerball                            0.20hour Wage rate per direct laborhour                              $10 per hour Variable support costrate                                       $15 per direct labor hour Actual results for October: Used 13,000 yards of raw material, purchased for$205,150 Paid for 8,240 direct lbor hours at $9.50 per hour Incurred $131,840 of variable support costs Manufactured 40,000 soccer balls Determine the following variances for October: a. Total direct material cost variance b. Total direct labor cost variance c. Total variable support cost variance d. Direct material price variance e. Direct material quantity variance f. Direct lavor rate variance g. Direct labor efficiency variance h. Variable support rate variance i. Variable support efficiency variance The Sudbury, SOuth Carolina, plant of Saldanha Sports Companyhas the following standards for tis soccer ball Production: Standards: Material (leather) per soccerball                            0.25 yard Material price peryard                                            $16 Direct labor hours per soccerball                            0.20hour Wage rate per direct laborhour                              $10 per hour Variable support costrate                                       $15 per direct labor hour Actual results for October: Used 13,000 yards of raw material, purchased for$205,150 Paid for 8,240 direct lbor hours at $9.50 per hour Incurred $131,840 of variable support costs Manufactured 40,000 soccer balls Determine the following variances for October: a. Total direct material cost variance b. Total direct labor cost variance c. Total variable support cost variance d. Direct material price variance e. Direct material quantity variance f. Direct lavor rate variance g. Direct labor efficiency variance h. Variable support rate variance i. Variable support efficiency variance

Explanation / Answer

Mr. Raheem is running a business. His balance sheet on1st December 2010 shows a capital balance of Rs.10,000.

Following few transactions took place in the month ofDecember.

Required:

Give straight answer of the capital account showing:

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