Company A produces a product called Gen, which is a type of tyre The following is theinformation related to the product for the month of September 2021:Real InformationProductionDirect Purchase of Raw MaterialsThe price of a kilo of direct raw materialThe initial stock of direct raw materialsThe final stock of direct raw materialsThe working hours of direct workersThe cost of an hour of direct labor4500 units25000 kgRM1250001200200 hoursRM14The changed factory overhead rateRM16800Standard InformationThe price of a kilo of direct raw materialQuantity of raw material per unitThe cost of an hour of direct laborRM10.505 kgRM12Working hours per unit8 hoursBased on the information, suggest one situation:(a) Unsatisfactory direct labor rate variance(b) Satisfactory direct labor rate variance(c) Unsatisfactory direct labor efficiency variances(d) Satisfactory direct labor efficiency variance(e) The variance of overhead expenditure changed unsatisfactorily() The variance of overhead expenditure changed satisfactorily.

The detailed solution to the given question is given in Step 2.

Answered: Company A produces a product called…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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