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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. .
weekly working hour 48 , hourly wage rate 15$ , price rate per unit 6$ , normal time taken per piece 36 minuets , normal output per week 220 pieces , actual output per week 275 pie
Classic Coolers manufactures portable coolers adorned with college logos. During the first quarter of the year, the company had the following costs: Direct materials used $55,500 D
AOL is considering two proposals to overhaul its network infrastructure. They have received two bids. The first bid, from Huawei, will require a $20 million upfront investment and
XYZ Company is a family-owned bicycle manufacturing company located in Stow, Ohio. Until recently,it had maintained slow but steady growth in producing and marketing its only pr
Chemical Recovery Company uses common machinery to manufacture two products. Each year, the company has a total of four productions runs, which is two production runs for each pro
Flexible budgets provide different information than static budgets. Discuss some of these differences. Is a flexible budget always better? Are there times when you’d recom
what is cost audit? types of cost audit explain
Accounting Records - Nature and Purpose of Cost Accounting The quantitative information employed in the management and cost accounting systems can be obtained from with two ac
Estimate the Growth rate of stock Data stock price = 53 rate of return= 12% expected dividend = 3.15 Formula : Expected return = (dividend paid + capital
what is lean accounting
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