₦airaland Forum

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

Just incase you are in uniben, that question has a similar example in Cost Accounting by A.E Okoye

Ciao

GANDALF1:
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.

do u need a text book to solve dat? I thought u r a guru, u cn solve anything without textbook.

The former guy tried bt he is missing the formula. Kindly open text book if u will have to, be nice.

Btw, i'm nt a student of uniben atm.

Whichever school, the same solution will be provided to dat question.

delectablegyal:
do u need a text book to solve dat? I thought u r a guru, u cn solve anything without textbook.

The former guy tried bt he is missing the formula. Kindly open text book if u will have to, be nice.

Btw, i'm nt a student of uniben atm.

Whichever school, the same solution will be provided to dat question.

You think so? Goodluck then. FYI, cost accounting has methods and no straight jacket Formula.

You are about to know the difference between financial accounting and cost accounting.

Btw, I never said I was a guru. Only wanted to help point you in the right direction.

GANDALF1:
You think so? Goodluck then. FYI, cost accounting has methods and no straight jacket Formula.

You are about to know the difference between financial accounting and cost accounting.

Btw, I never said I was a guru. Only wanted to help point you in the right direction.

I even thought u were busy solving it.

delectablegyal:
I even thought u were busy solving it.

You get juju for mouth?

So una no fit help? Upon all the beg wey I don beg, na wa oh.

Am cracking my brain now self.... This question looks similar to that of my last three years final exams... Cost accounting....

Op... Nor vex... I can't fit do it

SQ= 400000kg
AQ= 420000kg
SP= #3
Ap =#2.92

Mat Price Variance: AQ(SP-AP)
420,000(3-2.92)
420000(0.08)
33600 f


Mat Usage:
AP(SQ-AQ)
2.92(400000-420000)
58400A

Mat TC Var : 33600F + 58400A
= 24800A

Labour Rate Variance :

AH (SR-AR)

SR= 2
AR= 2.13
AH= 670000
SH = 700000

Labour Var : AH(SR- AR)
670000(2-2.13)
=87100A


Labour Efficiency : AR (SHW - AHW)
2.13(700000-670000)
=63900F

Total Labour Variance = 23200A




SQ= standard Quantity
AQ = Actual Quantity
SP = Standard Price
AP = Actual Price
SR = Standard Rate
AR = Actual Rate
AH = Actual Hour
SH = Standard Hour
SHW = Standard Working Hour
AHW = Actual Working Hour

@delectablegyal


I hope this gives a little light to solving it. If there is any need for correction, I will be glad to fix it. We all learn everyday. All the best!

Stycon:
SQ= 400000kg
AQ= 420000kg
SP= #3
Ap =#2.92

Mat Price Variance: AQ(SP-AP)
420,000(3-2.92)
420000(0.08)
33600 f


Mat Usage:
AP(SQ-AQ)
2.92(400000-420000)
58400A

Mat TC Var : 33600F + 58400A
= 24800A

Labour Rate Variance :

AH (SR-AR)

SR= 2
AR= 2.13
AH= 670000
SH = 700000

Labour Var : AH(SR- AR)
670000(2-2.13)
=87100A


Labour Efficiency : AR (SHW - AHW)
2.13(700000-670000)
=63900F

Total Labour Variance = 23200A




SQ= standard Quantity
AQ = Actual Quantity
SP = Standard Price
AP = Actual Price
SR = Standard Rate
AR = Actual Rate
AH = Actual Hour
SH = Standard Hour
SHW = Standard Working Hour
AHW = Actual Working Hour

@delectablegyal


I hope this gives a little light to solving it. If there is any need for correction, I will be glad to fix it. We all learn everyday. All the best!

Now u r talking. U r following the right formula. Thank u.