Ujuzi Company Limited manufactures and sells one type of product Alpha . The standard production costs of this item are as follows:

      

Ujuzi Company Limited manufactures and sells one type of product Alpha . The standard
production costs of this item are as follows:
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The fixed overheads are allocated on the basis of a budgeted production volume of 3.500 units per
year.During the financial year ended 31 October 2004, 4,000 units of output were produced. The
actual production costs incurred during the year are given below.

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Required:
a) Material price and usage variances.
b) Labour rate and efficiency variances
c) Total variable overheads variances
d) Fixed overheads volume variances
e) Identify two possible causes of;-
i) Material usage variance
ii) Labour efficiency variance

  

Answers


Martin
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marto answered the question on February 26, 2019 at 08:22


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