USA please help me in cost accounting !!??

[noor]

hiii

how are u?

please help me , i try to solve it , i want only check if it is wrong or correct




Houchen Ltd uses a standard absorption costing system to control the manufacturing costs of its single product.

The following standards have been set:

€per unit Direct material 2kgs at €6 per kg 12 Direct labour 2 hours at €13 per hour 26 Variable overhead 2 hours at €4 per hour 8 Fixed overheads 2 hours at €4.50 per hour 9

––– Total production cost 55 –––
The fixed overhead standard cost per unit is based upon a budgeted monthly production of 4,000 units.

Actual results for the most recent month were: Production 4,300 units. Direct material cost €56,000 for 9,000kgs bought and used. Direct labour cost €114,312 for 8,660 hours. Variable overhead €33,240 Fixed overheads €35,000. No material inventories (stocks) are held as the company operates in a JIT environment. Required: Calculate each of the following variances:

(1) Direct material price and material usage

price=-1800
usage=-2400

((2) Direct labour rate and labour efficiency

labor rate=-598
efficiency=2100

3) labor idle time =-78


(4) Fixed overhead expenditure and overhead volume

expenditure =35000
volume =

 

[noor]

?

 

[noor]

?????????????????

 

[Triest123]

(1) Direct material price and material usage
price=-1800 => Should be - 2000
usage=-2400 => Correct

(2) Direct labour rate and labour efficiency
labor rate=-598 => Should be -1732
efficiency=2100 => Should be -780

(4) Fixed overhead expenditure and overhead volume
expenditure =35000 => Should be 1000
volume => 2700

 

[noor]

thank u soooooooooooooo much