3 Deep Manufacturers information is provided for the production ict lines named as pen and pencil of a Deep manufacturers. activity Cost (OMR) etup 250,000 Machine maintenance 75,000 Total indirect manufacturing costs 325,000 Product- pen Product- pencil Tota - hours 7000 3000 10,0 setups 70 30 100
3 Deep Manufacturers information is provided for the production ict lines named as pen and pencil of a Deep manufacturers. activity Cost (OMR) etup 250,000 Machine maintenance 75,000 Total indirect manufacturing costs 325,000 Product- pen Product- pencil Tota - hours 7000 3000 10,0 setups 70 30 100
Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 5PB: Wrappers Tape makes two products: Simple and Removable. It estimates it will produce 369,991 units...
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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![Q.No. 3 Deep Manufacturers information is provided for the production of two
product lines named as pen and pencil of a Deep manufacturers.
Cost (OMR)
Activity
Setup
250,000
Machine maintenance
75,000
Total indirect manufacturing costs
325,000
Particulars
Product- pen
Product- pencil
Total( OMR)
Direct labor hours
7000
3000
10,000
Number of setups
70
30
100
Number of machine hours
1,200
3,800
5,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0512f021-d7de-473f-9ea3-ff55e4b3148d%2Ffc8ae62e-f8c8-42d5-9ad7-ca36eb655674%2Ffxp9z88_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q.No. 3 Deep Manufacturers information is provided for the production of two
product lines named as pen and pencil of a Deep manufacturers.
Cost (OMR)
Activity
Setup
250,000
Machine maintenance
75,000
Total indirect manufacturing costs
325,000
Particulars
Product- pen
Product- pencil
Total( OMR)
Direct labor hours
7000
3000
10,000
Number of setups
70
30
100
Number of machine hours
1,200
3,800
5,000
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