Calculate the standard cost of goods per chocolate bar

Assignment Help Cost Accounting

Reference no: EM132793881

MnM Chocolate calculates the COGS using standard cost of goods. To produce 1 bar of chocolate, the ingredients needed are:

chocolate 3gr, Rp. 150 = Rp. 450
beans 1gr, Rp. 100 = Rp. 100
sugar 1gr, Rp. 50 = Rp. 50

During March, 2.050 chocolate bars were produced with the components of

chocolate 6.100gr, Rp. 150
beans 2.000gr, Rp. 90
sugar 1.900gr, Rp. 60

Additional Info:

Material Cost Variance: Rp 21,000
Material Usage Variance: Rp 20,000
Material Yield Variance: Rp 15,000

Required:

problem a. Calculate the standard cost of goods per chocolate bar

problem b. Calculate the difference/Variance in Direct Labour and analyze it into Labour Rate Variance (LRV), Labour efficiency variance (LEV) and Labour Yield Variance (LYV)

problem c. Calculate the difference/Variance in FOH and analyze into Overhead Controllable Variance, Overhead Volume Variance and Total Variable Overhead Variance.

Reference no: EM132793881

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