Question

Q.2 Answer the following: I. X Ltd. has furnished the following information for the month ending June 30, 2017: Master Budget Actual Variance Units produced and sold Sales USID Direct Material USD Direct Wages USD Variable Overheads USD Fixed Overheads USD Total Cost 72,000 280,00040,000 (A) 73,600 104,800 15,200 37,600 2,400 (F) 39,200800 (F 255,200 80,000 320,000 80,000 6,400 (F) 120,000 40,000 40,000 280,000 Scanned by CamScanner Unit (USI Direct Materials (1 Kg at the rate of USD perKg ーーーーーーーーーーーーー Direct Wages (I hour at the rate of USD 1.50) Variable Overheads (1 hour at the rate of USD 0.50) eru 1.00 1.50 0.50 The standard costs of the products are as follows: Actual results for the month showed that 78,400 kg. of material were used and 70,400 labo hours were recorded. Required A. Prepare Flexible Budget for the month and compare with actual results B. Calculate Material, Labour, Variable Overhead and Fixed Overhead Variances 18] y baced on Disney character, X Comnany

Answer 1

Sales 288 x1.S 39,207) 13200 A al lott. , 73462

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