Decision and control: assessment 1 task 1.2
Rose20
Registered Posts: 7
Hey can someone please help me with this question and tell me how they got these answers? I’ve attached a picture
0
Best Answer

Material
Total Material Direct Cost Variance
Actual Production (units)
Should cost
did cost
variance (£)
Material Price Variance
Actual purchases (kg)
Should cost
Did cost
variance (£)
Material Usage Variance
Actual production (units)
Should Use
Did Use
Variance (kg)
Standard cost per kg
Variance (£)
Labour
Total Direct Labour Cost Variance
Actual production (units)
Should cost
Did cost
Variance (£)
Labour efficiency Variance
Actual production (units)
Should use
Did use
Variance (hrs) Standard cost per hour
Variance (£)
Labour Idle Variance
Actual hours paid
Actual hours worked
Variance (hrs)
Standard cost per hour
Variance (£)
Labour Rate Variance
Actual hours paid
Should cost
Did cost
Variance (£)5
Answers

Hey do you have the "formulas" for the usage variance etc?0

@DDOROURKE123 thank you!!! ☺️0

@Rose20 Did you manage to do the question?0
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