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
Best Answer

DDOROURKE123 Posts: 62Material
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 (£)
Answers