Page 407 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 407
Standard costing
Test your understanding 9
D 18,700
Actual hours 17,500 hours × Standard rate $6.50 $113,750
Efficiency variance $7,800 F
Standard hours Standard rate $6.50 $121,550
$121,550 / $6.50 = 18,700 hours
Test your understanding 10
The actual rate paid per direct labour hour is $9
Actual hours Actual rate $15,300
$15,300 / 1,700 hours = $9
Rate variance $N/A
Actual hours Standard rate $8 $13,600
$13,600 / $8 = 1,700 hours
Efficiency variance $ 160 A
Standard hours Standard rate $8 $13,440
420 units × 4 hours ×
399
