Baba okoro limited has the following standard cost card for one of its product

Material 4kg at #3 per kg= 12.00
Labour 7hours at #2 per hour= 14.00
Overhead 7hours #3 per hour= 21.00
-----------
47.00
----------

The company budgeted to produce and sell 120,000 units for 2013 but actually produced 100,000 units and sold 95,000 units. The factory recorded 420,000kg of raw materials for #1,226,400. The human resources also recorded 670,000 labours paid for #1,427,100. total overhead amounted to #2,300,000

required:

1. Material total cost variance

2. Material price variance

3. Material usage variance

4. Labour total cost variance

5. Labour rate variance

6. Labour efficiency variance

You students don't want to work atall

Arbiola:
You students don't want to work atall

U sounded like a lecturer. Oya solve it, m serious.

I need answers before 2mao.....


Mayb I should call lalasticlala, my best mod for this year......

Can solve it cos that my field but the p now is, am I going to get paid for solving them cos I pay for tutorials

onstelly:
Can solve it cos that my field but the p now is, am I going to get paid for solving them cos I pay for tutorials

Help me na. When people ask u, "who u help?" tell them u helped delectablegyal.

delectablegyal:



Help me na. When people ask u, "who u help?" tell them u helped delectablegyal.

Lmao

delectablegyal:



Help me na. When people ask u, "who u help?" tell them u helped delectablegyal.

What course are you reading in school

Why don't you post this stuff in education section.I think they've gurus and serious minded pple there than this romance section.

onstelly:

What course are you reading in school

Just solve the question, dats all. Forget abt ma course. Btw, it's glaring dat m studying a commercial course.

killercute16:
Why don't you post this stuff in education section.I think they've gurus and serious minded pple there than this romance section.

I posted it here cos even the gurus likes to do romance sometimes. We have a lot of people here than the education section. we all love romance, who doesn't?

Can u solve it or do u know any one who can? Pls kindly invite the person here.

Farano

Lalasticlala



Rocktation



I need answers before 2mao, help me.

delectablegyal:
Farano

Lalas ticlala. Elastics.



Rock tation. Rocket.



I need answers before 2mao, help me.

What happened to your course mates? Are you quarrelling with all of them?

Seculent:
What happened to your course mates? Are you quarrelling with all of them?

Dem no know am.
U know lecturers will teach simple things in class then gv u difficult things as assignment.

I can actually help you with it but...

I must be paid

Edit: No... I'll do it for free

delectablegyal:


Dem no know am.
U know lecturers will teach simple things in class then gv u difficult things as assignment.

And you think you will get answer in Romance Section?

If that is you in your pic.

Skype me and I'll teach you

Wrong section maam

Seculent:
And you think you will get answer in Romance Section?

Look at u, I will get answers on nairaland. It's just dat the people who know it are not yet here.

U sef sheeee u no know am?

delectablegyal:


Look at u, I will get answers on nairaland. It's just dat the people who know it are not yet here.

U sef sheeee u no know am?

So everybody on Nairaland are accounting students?

Seculent:
So everybody on Nairaland are accounting students?

I didn't say dat. I asked u sheee u no know am? U will reply "I no know am" e cause fight ni?

abegi.

delectablegyal:


I didn't say dat. I asked u sheee u no know am? U will reply "I no know am" e cause fight ni?

abegi.

You don't need help with your response.

If u don't know the answer to the question, pls kindly view and move on.

If u know the answer, kindly drop the answer, no time.

use ur text book.

Lalasticlala

What if the answer is something like this:


Warning : I'm not an accounting student oooo! Just playing around ur question

Material total cost Variance

= budgeted cos = #3*420000= #1260000
Actual cost = #1226400
Variance = #33600(f)

Material price Variance

Budgeted price: #3
Actual price: #2.92(#1226400/420000kg)
Variance = #0.08(f)

Material usage Variance

Budgeted material : 4*120000 = 480000kg
Actual material usage = 420000kg
Variance = 60000kg

Labour total cost variance

Budgeted cost : #2*670000 =#1340000
Actual cost : #1427100
Variance = 87100 (A)

Labour rate variance

Budgeted : #2.00
Actual : #2.13 (#1427100/670000)
Variance = #0.13

Labour Efficiency variance

Budgeted time : 7*100000= 700000hrs
Actual hour used: 670000hrs
Variance : 30000hrs(F)

@delectablegyal

Please verify the answers ooo

Stycon:
What if the answer is something like this:


Warning : I'm not an accounting student oooo! Just playing around ur question

Material total cost Variance

= budgeted cos = #3*420000= #1260000
Actual cost = #1226400
Variance = #33600(f)

Material price Variance

Budgeted price: #3
Actual price: #2.92(#1226400/420000kg)
Variance = #0.08(f)

Material usage Variance

Budgeted material : 4*120000 = 480000kg
Actual material usage = 420000kg
Variance = 60000kg

Labour total cost variance

Budgeted cost : #2*670000 =#1340000
Actual cost : #1427100
Variance = 87100 (A)

Labour rate variance

Budgeted : #2.00
Actual : #2.13 (#1427100/670000)
Variance = #0.13

Labour Efficiency variance

Budgeted time :

U r making sense, thanks.

Stycon:
What if the answer is something like this:


Warning : I'm not an accounting student oooo! Just playing around ur question

Material total cost Variance

= budgeted cos = #3*420000= #1260000
Actual cost = #1226400
Variance = #33600(f)

Material price Variance

Budgeted price: #3
Actual price: #2.92(#1226400/420000kg)
Variance = #0.08(f)

Material usage Variance

Budgeted material : 4*120000 = 480000kg
Actual material usage = 420000kg
Variance = 60000kg

Labour total cost variance

Budgeted cost : #2*670000 =#1340000
Actual cost : #1427100
Variance = 87100 (A)

Labour rate variance

Budgeted : #2.00
Actual : #2.13 (#1427100/670000)
Variance = #0.13

Labour Efficiency variance

Budgeted time : 7*100000= 700000hrs
Actual hour used: 670000hrs
Variance : 30000hrs(F)

@delectablegyal

Please verify the answers ooo

Bro. You are solving it like an engineer. Its correct to the ordinary eye, but totally wrong to the cost accountant.

GANDALF1:


Bro. You are solving it like an engineer. Its correct to the ordinary eye, but totally wrong to the cost accountant.

Please solve it like an accountant, I need it today. Help me.

Lalsticlala, help me na, I need answers.

Front page please............ I dey beg......

U know say I nvr beg like dis before, abeg.

delectablegyal:




Please solve it like an accountant, I need it today. Help me.

Wer are you schooling?

GANDALF1:


Wer are you schooling?

The same question someone asked the other time. Just solve it please.

delectablegyal:


The same question someone asked the other time. Just solve it please.

Funny you. I want to genuinely help you and you are forming nonsense. I'm not interested in you or what you think.

Your school will determine the text I will point you to. I'm tired from work and cant start opening texts because of you.