January 31, 2015

Homework Help: managerial accounting

Posted by steve on Friday, February 12, 2010 at 6:16am.

Tusk pty ltd uses standard costs system for its single product in which variable manufacturing overheads is applied on the basis of direct labour hours. The following information is given:
Standard costs:
Raw material[R16per kg] Per unit R 24.00
Direct labour[0.75hour] p
er unit R6.00
Variable manufacturing overhead cost incurred [0.75hour@ R3.00] per unit
Actual information for current year:
Units produced 22400
Purchases of rawmaterial[21000kg - R357000.00
Raw material used 33400 kg
Direct labour[ 8.50 perhour] R142375.00
Variable manufacturing overhead cost incurred R 48575.00

1. Direct labour price variance
2. Direct material quantity variance
3. Direct labour variance
4.Direct labour efficiency variance
5. Variable manufacturing overhead expenditure variance
6. variable manufacturing overhead efficiency variance

Answer this Question

First Name:
School Subject:

Related Questions

Managerial Accounting Help - Cotta Cots uses a standard cost system in which ...
managerial Accounting - Smith Co uses a standard cost system for its single ...
Standard Costing System - Ballroom Balloons, Inc. uses a standard cost system in...
Standard Costing System-Help! - Cotta Cots uses a standard cost system in which ...
Accounting - Montana Company produces basketballs. It incurred the following ...
ACC - someone help me with this questions please 1. How would the following ...
Accounting - 1. The company uses a job-order costing system. How would you ...
Accounting - Candace Corporation has decided to introduce a new product that can...
cost accounting - The East Company manufactures several different products. Unit...
College Accounting 211 - A Corporation uses a predetermined overhead rate of $23...