Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive /  Vienna Chocolate Company produces fudge in large batches

 Vienna Chocolate Company produces fudge in large batches

Accounting

 Vienna Chocolate Company produces fudge in large batches. One batch of fudge has the following standard costs and amounts: 

Standard kilograms of sugar

100

Standard cost per kilogram of sugar

$1.90

Standard direct labour hours

2.0

Standard direct labour cost per hour

$18.00

Vienna Chocolate Company produced 400 batches of fudge in the most recent month. Actual input costs and per batch usage levels were as follows:

Actual kilograms of sugar used

102

Actual cost per kilogram of sugar

$2.10

Actual direct labour hours

1.8

Actual direct labour cost per hour

$17.50

 

Required:

a) Calculate the total material input rate variance.

b) Calculate the total material efficiency variance.

c) Calculate the total labour rate variance.

d) Calculate the total labour efficiency variance.

Option 1

Low Cost Option
Download this past answer in few clicks

3.96 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions