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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. .
The level of activity at which total revenues eqivalent total costs. A point at which there is no profit and no loss.
Reasons for Overhead Variances Useful for Control Reasons Overhead variances are essentially a book balancing exercising giving an arithmetic reconciliation between the actual
Describe briefly the possible causes of: (i) the material usage variance, (ii) the labour rate variance, (iii) the sales volume profit variance.
Q. What are the advantages and disadvantages of free float? Advantages: It is one of the most suitable ER regimes for transitional countries that experience external shocks l
Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the
1. The following three one-year "discount" loans are available toyou: Loan A: $120,000 at a 7 percent discount rate Loan B: $110,000 at a 6 percent discount rate Loan
Early customers at Graffiti Week balk at the price for Moondoggie Reserve. The marketing department at DFW, Jolene, conducts some research that suggests Stanislaus county residents
Last in first out or LIFO LIFO is based upon the assumption such the stock purchased last is issued first. Stock valuation should here be based upon the prices ruling on acqui
Both the parts, Profit and Loss Account and Trading Account of last account are interdependent upon each other. Gross Profit or loss plays a very important role in the calculation
Image Is Everything, Inc. (IIE) is located in an emerging market. It specializes in lithographic duplication, catering to demands from the nouveau riche for reproductions of paint
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