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Accounting Test Question On Standard Costing SC2
Published by slang December 3rd, 2007 in Test Question Bank
|
$ |
$ |
|
|
Sales |
883,500 |
|
|
Direct materials |
232,800 |
|
|
Direct wages |
315,600 |
|
|
Variable overheads |
155,400 |
|
|
Fixed overheads |
95,100 |
798,900 |
|
84,600 |
|
Statement Of Variance |
$ |
|
Sales volume(quantity) |
45,000(A) |
|
Sales Price |
16,500(A) |
|
Direct material-Price |
12,600(F) |
|
Direct material-Usage |
20,400(A) |
|
Direct labor-Rate |
6,300(F) |
|
Direct labor-Efficiency |
21,900(A) |
|
Fixed overhead-Expenditure |
5,100(A) |
(b) the actual production in units (4 marks)
(c) the actual hours worked (4 marks)
(d) the budgeted fixed overhead (3 marks)
(e) the standard selling price (5 marks)
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