Q40 The Max Company has developed the following standards for one product:. Direct Materials: 15kgs x N8 per kg Direct Labour 4 hours x 12 per hour Variable manufacturing overhead: 4 hours x N7 per hour The results for the period were: 500units produced using 7800kg. Materials purchased; N74,568 : Direct Labour used was 2200 hours. Direct labour cost N27,940 The direct materials usage variance would be:
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