Osbourne books practice assessment 1

jmh

Hello,

I am stuck on one question and would be grateful is someone could help me please. Thank you in advance

You have the following information:
Adverse material price variance £70.00
Standard cost per Kg of material £12.00
Actual cost of material £1,150
Favourable labour rate variance £40.00
Actual labour hours 125 hours
Actual cost of labour £2,460

Calculate the following:
The actual quantity of material used is ......kg
The standard labour rate per hour is £

dumutroba

Material price variance
12x?-1150=-70
12x?=1080
? =1080/12=90kg

Labour rate variance

125hx?-2460=40
125x? =2460+40
? =2500/125=£20 per hour

jmh

thank you

SOkowa

Please can someone show me how to fixed overhead on Task 9b and c of Osborne Workbook Practice Assessment 1