Decision and control: assessment 1 task 1.2

Best Answer

• DDOROURKE123 Registered Posts: 62

  November 2018 Accepted 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