Solution-Determine the missing amounts for items

Determine the missing amounts for items

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Reference no: EM133137338

Question - Below is information concerning two manufacturing jobs:

Item	Job 321	Job 322

Units produced	200	165

Standards per unit
Direct material quantity	5 kg	6 kg
Material price	$2 per kg	$3 per kg
Direct labour hours	2 hours	3 hours
Labour rate	$15 per hour	$12 per hour

Actual consumption
Direct material quantity	975 kg	(e)
Material price	$2.95 per kg	(f)
Direct labour hours	395 hours	(g)
Labour rate	$15.15 per hour	(h)

Variances Material price	(a)	$ 500 F
Material quantity	(b)	$ 30 U
Labour rate	(c)	$ 200 F
Labour efficiency	(d)	$ 60 U

Required -

Determine the missing amounts for items (a) through (h).

List the letters (a) to (h) and help me type answers beside the corresponding letter.

Reference no: EM133137338

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Determine the missing amounts for items

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