Osbourne books practice assessment 1
jmh
Registered Posts: 42
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 £
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 £
0
Comments
-
Material price variance
12x?-1150=-70
12x?=1080
? =1080/12=90kg
Labour rate variance
125hx?-2460=40
125x? =2460+40
? =2500/125=£20 per hourAAT Level 2. 2018 Distinction
AAT Level 3. 2018 Distinction
AAT Level 4. 2019 FSLC 100% MABU 93% MADC 82% PDSY 80%
Xero Certified Advisor0 -
thank you0
-
Please can someone show me how to fixed overhead on Task 9b and c of Osborne Workbook Practice Assessment 10
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