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The following facts have been extracted from the standard cost card for product X: Rs./unit Variable overhead 4 machine hours @ Rs.8.00/hour 32.00 2 labour hours @ Rs. 4.00/ hour 8.00 Fixed overhead 20.00 During October 20X7, 5,450 units of the product were made compared with a budgeted production target of 5,500 units. The actual overhead costs incurred were: Rs.
Machine-related variable overhead 176,000 Labour-related variable overhead 42,000 Fixed overhead 109,000 The original number of machine hours was 22,000 and the real number of labour hours was 10,800. Requirements: (a) Measure the overhead cost variances in as much detail as possible from the data given(b) Describe the meaning of, and discuss the variable overhead variances that you have calculated. .
Under the average cost method the average cost of goods held in stock is recalculated after each receipt. An issue after the receipts is made at the recalculated average prices. A
The follow data relates ot year 20XX for Plano Manufacturing Company: Units produced - 2,000 Units sold - 1,800 Selling price - $200 / per unit Direct material costs - $80,000 Dir
Calculation of Deductions - Wages Department A range of deductions are complete from gross earnings when computing the net payment because of the employee, that deductions may
Compute
what is the classification of cost & how it is done?
You are considering starting a walk-in-clinic. Your financial projections for the first year of operations are as follows: Revenues (10,000 visits) $400
All transfer-pricing methods give the similar division operating income. Do you agree? Describe.
what is a cost sheet? what are its advantages?
The Cutting Department of the Rock Island Custom Cabinetry Corporation (a process costing production) had no work in process at the beginning of the period, 12,000 units were compl
(a) Describe briefly how the following are used in the accounting for labour: (i) time sheets (ii) job cards. (b) The following details relate to the labour in a produ
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