Reference no: EM132962659
Question - Juice Ltd manufactures a product called Morning Punch. The company uses a standard cost system and has established the following standards for one unit of Morning Punch:
Direct Materials (1,5 kgs @ R6 per kg) R 9,00
Direct Labour (0,6 hours @ R12 per hour) R 7,20
Variable manufacturing overhead (0,8 hours @ R2,00 per hour) R 1.60
R17,70
-The company produced 3 000 units during September
-During the month employees worked an average of 4 000 hours at an average rate of R2,50 per hour.
-Variable manufacturing overhead is assigned to Morning Punch on the basis of direct labour-hours.
-Variable manufacturing overhead costs during September totalled R8 200.
Required - Determine Juice's variable overhead efficiency variance.
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