Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 08 Aug 2017 My Price 6.00

Antonio plc

Antonio plc makes Product X, the standard costs of which are:

 

 

£

Sales revenue

31

Direct labour (1 hour) Direct materials (1 kg) Fixed overheads Standard profit

(11) (10) (3) 7

The budgeted output for March was 1,000 units of Product X; the actual output was 1,100 units, which was sold for £34,950. There were no inventories at the start or end of March. The actual production costs were:

 

 

£

Direct labour (1,075 hours)

12,210

Direct materials (1,170 kg)

11,630

Fixed overheads

3,200

 

Required: Calculate the variances for March as fully as you are able from the available information, and use them to reconcile the budgeted and actual profit figures.

Answers

(5)
Status NEW Posted 08 Aug 2017 04:08 PM My Price 6.00

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