Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Labour Variances
From our basic data, we can calculate the labour variances as given as:
i. Labour Rate Variance = (AH x AR) - (AH x SR)
= AH (AR - SR)
NB: AH x AR = Shs.64, 350
Labour Rate Variance = 64,350 - (4,500 x 14)
= Shs.1, 350 Unfavourable.
The rate is unfavorable since we spent more than expected.
ii. Labour Efficiency as usage variance: = (AH X SR) - (SH x SR)
= (AH - SH) SR
= (4,500 - 5,000) 14
= 7,000 Favourable
The variance is favourable since we spent less than the expected cots.
Note: Total Labour Variance = Rate Variance + Efficiency Variance
= 1,350 (Unfavourable) + 7,000 (Favourable)
= Shs.5, 650 Favourable.
The following are three independent situations where the reporting entity for which financial statements are being prepared are underlined. Every company has a December 31, 2012 ye
what is cost accounting
cite some example on how to to calculate variable cost
Alger Corp wants to buy some construction equipment for $50,000, which has a useful life of 4 years with no salvage value. Alger uses straight-line depreciation. Alger has a tax ra
according to a factory cost ledger, job no 51 has incurred the following costs: direct material - 30
This question tested their knowledge of intended reporting but more importantly requisite them to apply their knowledge and consider the impact from the investors' perspective.
Presented here is the basic financial information from the 2009 annual reports of Intel and Advanced Micro Devces (AMD), the two primary manufacturers of silicon chips for personal
what is Taylor''s differential piece rate plan
scope and limitations of product costing
The Houston Chamber Orchestra presents a series of concerts throughout the year. Budgeted fixed costs total $300,000 for the concert season; variable costs are expected to average
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd