MBA4807 MODULE OVERVIEW 2018 (1).pdf - Adobe Reader File Edit View Document Tool
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MBA4807 MODULE OVERVIEW 2018 (1).pdf - Adobe Reader File Edit View Document Tools Window Help 1314 Find 60% Standard cost per unit Cty Price per unit Cost per unit Material 4kg R12.76 R51.00 Labour 3 hours R47.00 R141.00 2 hours R12.50 R217.00 Variable overheads are based on labour hours Budgatad tiad costwas R 41,250 Actual ost Qty Price per unit Total cost 4,850 kgs R84.875.0o 5,370 Hours R204.472.50 Variable overhead Fixed overhead Total cost R443.022.50 Production for the month was 1.750 units. Required Explain, by means of standard coat variance analyss, if thero are any specie areas where you need to focus on. Show all your caloulaions Activate Windows Go to Settings to activate Windows. O Type here to searchExplanation / Answer
Answers
Actual DATA for
1750
units
Quantity (AQ)
Rate (AR)
Actual Cost
Direct Material
4850 kg
$ 17.500
$ 84,875.00
Direct labor
5370 hr
$ 38.08
$ 2,04,472.50
Variable Overhead
5370 hr
$ 9.55
$ 51,300.00
Standard DATA for
1750
units
Quantity (SQ)
Rate (SR)
Standard Cost
Direct Material
7000 kg
$ 12.75
$ 89,250.00
Direct labor
5250 hr
$ 47.00
$ 2,46,750.00
Variable Overhead
3500 hr
$ 12.50
$ 43,750.00
Material Price Variance
(
Standard Rate
-
Actual Rate
)
x
Actual Quantity
(
$ 12.75
-
$ 17.50
)
x
4850
-23037.5
Variance
23037.5
Unfavourable-U
Material Quantity Variance
(
Standard Quantity
-
Actual Quantity
)
x
Standard Rate
(
7000
-
4850
)
x
$ 12.75
27412.5
Variance
27412.5
Favourable-F
Material Spending Variance
(
Standard Cost
-
Actual Cost
)
(
$ 89,250.00
-
$ 84,875.00
)
4375
Variance
4375
Favourable-F
Labor Rate Variance
(
Standard Rate
-
Actual Rate
)
x
Actual Labor Hours
(
$ 47.00
-
$ 38.08
)
x
5370
47917.5
Variance
47917.5
Favourable-F
Labour Efficiency Variance
(
Standard Hours
-
Actual Hours
)
x
Standard Rate
(
5250
-
5370
)
x
$ 47.00
-5640
Variance
5640
Unfavourable-U
Labor Spending Variance
(
Standard Cost
-
Actual Cost
)
(
$ 2,46,750.00
-
$ 2,04,472.50
)
42277.5
Variance
42277.5
Favourable-F
Variable Overhead Rate Variance
(
Standard Rate
-
Actual Rate
)
x
Actual Labor Hours
(
$ 12.50
-
$ 9.55
)
x
5370
15825
Variance
15825
Favourable-F
Variable Overhead Efficiency Variance
(
Standard Hours
-
Actual Hours
)
x
Standard Rate
(
3500
-
5370
)
x
$ 12.50
-23375
Variance
23375
Unfavourable-U
Variable Overhead Spending Variance
(
Standard Cost
-
Actual Cost
)
(
$ 43,750.00
-
$ 51,300.00
)
-7550
Variance
7550
Unfavourable-U
Fixed Overhead Variance
(
Actual Fixed Overhead incurred
-
Fixed Overhead Budgeted
)
(
$ 42,375.00
-
$ 41250.00
)
-1125
Variance
1125
Unfavourable-U
Actual DATA for
1750
units
Quantity (AQ)
Rate (AR)
Actual Cost
Direct Material
4850 kg
$ 17.500
$ 84,875.00
Direct labor
5370 hr
$ 38.08
$ 2,04,472.50
Variable Overhead
5370 hr
$ 9.55
$ 51,300.00
Standard DATA for
1750
units
Quantity (SQ)
Rate (SR)
Standard Cost
Direct Material
7000 kg
$ 12.75
$ 89,250.00
Direct labor
5250 hr
$ 47.00
$ 2,46,750.00
Variable Overhead
3500 hr
$ 12.50
$ 43,750.00
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