Solution-Calculate the material and labour cost variances

Calculate the material and labour cost variances

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Reference no: EM132530491

ESPN Enterprises manufactures a food product, details of which are as under:

Standard cost per unit:

Materials 60 kgs @ Rs.48 per kg

Labour 480 hours @ Rs.8 per hour

Actual cost for the month:

Material 5,900 kgs @ Rs.50 per kg

Labour 47,500 hours @ Rs.9 per hour

Actual production 100 units

Required:

Question 1: Calculate the material and labour cost variances

Reference no: EM132530491

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Calculate the material and labour cost variances

Reference no: EM132530491

Reference no: EM132530491

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