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    rajjanaroy
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    Download as DOCX, PDF, TXT or read online from Scribd
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    2 views1 page

    Problem

    Uploaded by

    rajjanaroy

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    PROBLEM

    1. Material cost variance= (50*5000)- 218000= 32000


    2. Material usage variance=(5000-4000)*50=50000
    3. Labour Rate Variance=(3.25-3)* 6800=1700
    4. Material Price Variance=(54.50-50)*4000= 18000
    5. Direct Labour Cost Variance=(9600 *3)-
    (6800*3.25)=6700
    6. Labour Efficiency Variance=(9600-6800)*3=8400
    7. Variable Expenses Cost Variance=(9600*20)-
    (6800*(62000/4000))=86600
    8. Fixed Expenses Cost Variance=(9600*40)-
    (6800*(188000/4000))=64400

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