MASKING is a producer of student-mask for universities and has the following information for the standard and actual costs: Estimated activity & standard cost per unit • The factory estimated that it would require 3 meters of material per unit of mask at an expected cost of RM10.00 per meter. • It also estimated to use 5 direct labour hours per unit and estimated to pay wages at a rate of RM8.00 per hour. • The standard variable overhead rate estimated were RM6.00 per hour. Actual activity & cost The factory manufactured 20,000 student-mask. The factory purchased and used 58,000 meters of material at total cost of 591,600. The factory used 104,000 direct labour hours and paid at a total wage of RM842, 400. The total variable cost incurred was RM676, 000. MASKING allocates its overhead on the basis on direct labour hours.

MASKING is a producer of student-mask for universities and has the following information for the standard and actual costs: Estimated activity & standard cost per unit • The factory estimated that it would require 3 meters of material per unit of mask at an expected cost of RM10.00 per meter. • It also estimated to use 5 direct labour hours per unit and estimated to pay wages at a rate of RM8.00 per hour. • The standard variable overhead rate estimated were RM6.00 per hour. Actual activity & cost The factory manufactured 20,000 student-mask. The factory purchased and used 58,000 meters of material at total cost of 591,600. The factory used 104,000 direct labour hours and paid at a total wage of RM842, 400. The total variable cost incurred was RM676, 000. MASKING allocates its overhead on the basis on direct labour hours.

Name: To calculate direct labour rate variance, efficiency variance and tota
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: To calculate direct labour rate variance, efficiency variance and total direct labour variance. MASKING is a producer of student-mask for universities and has the following informationfor the standard and actual costs:Estimated activity & standard co

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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