Osbourne books practice assessment 1

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 £

Comments

  • dumutrobadumutroba AAT Student, AATQB Posts: 207
    edited January 14
    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
    AAT Level 2. 2018
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  • jmhjmh Registered Posts: 29
    thank you
  • SOkowaSOkowa Registered Posts: 1
    Please can someone show me how to fixed overhead on Task 9b and c of Osborne Workbook Practice Assessment 1
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