b) Fan Trading produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 750,000 bottles were produced using 21,000 labor hours @ RM10.00. The standard wage rate is RM 9.50 per hour. Required: i. Calculate the total variance for aluminium for the month of April. ii. Calculate the labor rate and efficiency variances.

b) Fan Trading produces plastic bottles. Each bottle has a standard labor requirement of 0.025 hours. During the month of April, 750,000 bottles were produced using 21,000 labor hours @ RM10.00. The standard wage rate is RM 9.50 per hour. Required: i. Calculate the total variance for aluminium for the month of April. ii. Calculate the labor rate and efficiency variances.

Name: b) Fan Trading produces plastic bottles. Each bottle has a standard l
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Description: b) Fan Trading produces plastic bottles. Each bottle has a standard labor requirementof 0.025 hours. During the month of April, 750,000 bottles were produced using21,000 labor hours @ RM10.00. The standard wage rate is RM 9.50 per hour.Required:i. C

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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