1.Ahmad Jelani Enterprise produces ladies’ veils using the brand name ‘Taqwa’, which are specially designed for local market. The main fabrics are imported from Laos. Details of the product costing for the past 3 months are as follow: Quantity produced 3,000 units Actual fabrics price RM2.80/meter Standard fabrics price RM2.50/meter Actual quantity used 5.3 meters/unit Standard quantity used 5 meters/unit Actual labour rate RM4.50/hour Standard labour rate RM4.00/hour Actual labour hours 540 hours Standard labour hours 528 hours REQUIRED: Calculate the direct labour rate variance. Select one: A. RM264 U B. RM270 F C. RM270 U D. RM264 F 2. AG company purchased RM8,000 of merchandise on 5 January with credit terms 5/10, n/30. On 7 January, AG company returned RM500 worth of the merchandise. On 14 January, AG company paid the full amount due. The amount of the cash paid on 14 January should be: Select one: A. RM7,125 B. RM8,000 C. RM7,500 D. RM7,100 3. _______________ will cause the break-even in units to decrease. Select one: A. Increase in margin of safety B. Increase in total fixed expenses C. Decrease in unit variable expenses D. Decrease in selling price Just answer the question, no need explanation
1.Ahmad Jelani Enterprise produces ladies’ veils using the brand name ‘Taqwa’, which are specially designed for local market. The main fabrics are imported from Laos. Details of the product costing for the past 3 months are as follow: Quantity produced 3,000 units Actual fabrics price RM2.80/meter Standard fabrics price RM2.50/meter Actual quantity used 5.3 meters/unit Standard quantity used 5 meters/unit Actual labour rate RM4.50/hour Standard labour rate RM4.00/hour Actual labour hours 540 hours Standard labour hours 528 hours REQUIRED: Calculate the direct labour rate variance. Select one: A. RM264 U B. RM270 F C. RM270 U D. RM264 F 2. AG company purchased RM8,000 of merchandise on 5 January with credit terms 5/10, n/30. On 7 January, AG company returned RM500 worth of the merchandise. On 14 January, AG company paid the full amount due. The amount of the cash paid on 14 January should be: Select one: A. RM7,125 B. RM8,000 C. RM7,500 D. RM7,100 3. _______________ will cause the break-even in units to decrease. Select one: A. Increase in margin of safety B. Increase in total fixed expenses C. Decrease in unit variable expenses D. Decrease in selling price Just answer the question, no need explanation
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 32P: Petrillo Company produces engine parts for large motors. The company uses a standard cost system for...
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1.Ahmad Jelani Enterprise produces ladies’ veils using the brand name ‘Taqwa’, which are specially designed for local market. The main fabrics are imported from Laos. Details of the product costing for the past 3 months are as follow:
Quantity produced
3,000 units
Actual fabrics price
RM2.80/meter
Standard fabrics price
RM2.50/meter
Actual quantity used
5.3 meters/unit
Standard quantity used
5 meters/unit
Actual labour rate
RM4.50/hour
Standard labour rate
RM4.00/hour
Actual labour hours
540 hours
Standard labour hours
528 hours
REQUIRED:
Calculate the direct labour rate variance.
Select one:
A. RM264 U
B. RM270 F
C. RM270 U
D. RM264 F
2. AG company purchased RM8,000 of merchandise on 5 January with credit terms 5/10, n/30. On 7 January, AG company returned RM500 worth of the merchandise. On 14 January, AG company paid the full amount due. The amount of the cash paid on 14 January should be:
Select one:
A.
RM7,125
B.
RM8,000
C.
RM7,500
D.
RM7,100
3. _______________ will cause the break-even in units to decrease.
Select one:
A. Increase in margin of safety
B. Increase in total fixed expenses
C. Decrease in unit variable expenses
D. Decrease in selling price
Just answer the question, no need explanation
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