The variable overhead expenditure andefficiency variances are:PQR has prepared the following standard cost information for one unit ofproduct X:Direct materials2 kg @ $13/kgDirect labour3.3 hours @ $12/hourVariable overheads3.3 hours @ $2.50Actual results for the period were recorded as follows:12,000 unitsProductionMaterials - 26,400 kgLabour - 40,200 hoursVariable overheads$336,600$506,520$107,250*$26.00$39.60$8.25

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Description: The variable overhead expenditure andefficiency variances are:PQR has prepared the following standard cost information for one unit ofproduct X:Direct materials2 kg @ $13/kgDirect labour3.3 hours @ $12/hourVariable overheads3.3 hours @ $2.50Actual r

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The variable overhead expenditure and efficiency variances are: PQR has prepared the following standard cost information for one unit of product X: Direct materials 2 kg @ $13/kg 3.3 hours @ $12/hour 3.3 hours @ $2.50 Direct labour Variable overheads Actual results for the period were recorded as follows: 12,000 units $336,600 $506,520 $107,250 Production Materials - 26,400 kg Labour - 40,200 hours Variable overheads * $26.00 $39.60 $8.25

The variable overhead expenditure and efficiency variances are: PQR has prepared the following standard cost information for one unit of product X: Direct materials 2 kg @ $13/kg 3.3 hours @ $12/hour 3.3 hours @ $2.50 Direct labour Variable overheads Actual results for the period were recorded as follows: 12,000 units $336,600 $506,520 $107,250 Production Materials - 26,400 kg Labour - 40,200 hours Variable overheads * $26.00 $39.60 $8.25

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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