(20 Eastorn Droams Lid manufachures a single product The bodgetod sales and production for Yoar 2021 is 10,000 units per month over the 1months The standard selling price and costs of the product are RM RM Seling Price Materials - 2 kg Labour-3 hours 50 16 6. 12 Varlable Production Overhead -3 hours 10 34 11 Total Variable Cost 16 12 Contribution The actual results for the month were 9,500 units RM494,000 RM167,960 RM114,513 RM61,446 Production and sales Sales Materials-19,760 kg Wages - 27,930 hours Variable Production Overhead Required

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
21
22
Required
23
24
Calculate the following variances for the month:
25
26
) Sales Price
27
28
(i) Sales Volurme contribution
29
30
(i) Material Price
31
32
(iv) Material Usage
33
34
(v) Labour Rate
35
36
(vi) Labour Efficiency
37
(vii) Variable Production Overhead Expenditure
38
39
(viii) Variable production Overhead Efficiency
Transcribed Image Text:21 22 Required 23 24 Calculate the following variances for the month: 25 26 ) Sales Price 27 28 (i) Sales Volurme contribution 29 30 (i) Material Price 31 32 (iv) Material Usage 33 34 (v) Labour Rate 35 36 (vi) Labour Efficiency 37 (vii) Variable Production Overhead Expenditure 38 39 (viii) Variable production Overhead Efficiency
(20
Eastorn Droams Lid manufachures a single product The bodgotod sales and production for Yoar 2021 is 10,000 units per month over the 1menths
The standard selling price and costs of the product are
RM
RM
Seling Price
Materials - 2 kg
Labour-3 hours
Varlable Production Overhead-3 hours
50
16
12
10
34
11
Total Variable Cost
16
12
Contribution
The actual results for the month were:
9,500 units
Production and sales
RM494,000
RM167,960
RM114,513
Sales
Materials-19,760 kg
Wages -27,930 hours
RM61,446
Variable Production Overhead
Required
Transcribed Image Text:(20 Eastorn Droams Lid manufachures a single product The bodgotod sales and production for Yoar 2021 is 10,000 units per month over the 1menths The standard selling price and costs of the product are RM RM Seling Price Materials - 2 kg Labour-3 hours Varlable Production Overhead-3 hours 50 16 12 10 34 11 Total Variable Cost 16 12 Contribution The actual results for the month were: 9,500 units Production and sales RM494,000 RM167,960 RM114,513 Sales Materials-19,760 kg Wages -27,930 hours RM61,446 Variable Production Overhead Required
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