State any two possible causes of each variance

Assignment Help Cost Accounting

Reference no: EM133326085

Assignment: As one of the Botho students, who has done standard costing as one of the topics in the Cost Accounting module, you have been invited to come and table a discussion on possible causes of variances at the inter house links programme scheduled in a weeks' time. You are therefore requested to bring a blue print highlighting the following causes of different variances.

Required: For each of the variances listed below, state any two possible causes of each variance.

Material price, material usage, labour rate and labour efficiency variances

b) Muchson Ltd manufactures just a single product which it sells to its various customers for P16 per each unit. The total fixed costs totaled P230 400 per month and their product registered a contribution to the sales ratio of about 40%. If the company manages to get total actual sales of P672 000, calculate Muchson Ltd's margin of safety, in units.

Reference no: EM133326085

Questions Cloud

Impacts of social injustice and oppression : What are some of the impacts of social injustice(s) and oppression against women as well as the LGBTQIA community?

Canadian criminal law and crime measurements : Using your knowledge of Canadian Criminal Law, crime measurements, and the media, would the commission of violent crime

What is log cos margin of safety : What is Log Co's margin of safety (to the nearest whole %)?Fixed overheads are absorbed on budgeted production and sales of 10,000 units per year.

Through cultural socialization : Through cultural socialization we learn. Which type of coupling and family arrangement is steadily on the rise due to changing social dynamics?

State any two possible causes of each variance : For each of the variances listed below, state any two possible causes of each variance. Material price, material usage, labour rate and labour efficiency

Influence early childhood program : Demonstrate through paper the impact of three to five agencies that influence early childhood program such as licensing, DOE, resource and referral agencies.

Network-episode model : Can the Network-Episode Model be used to identify youth mental health issues as a result of COVID-19 pandemic?

What movies should analysis about gender : What movies should analysis about gender ? What is the main theme or premise of the movie your group chose and why did the group choose it?

What is difference between a profit center and a cost center : What is the difference between a profit center and a cost center? How might this impact transfer pricing? Generally, what are three major ways that transfer

User Account

All Pages