4.2.1 Calculate the material quantity variance.4.2.2 Calculate the variable manufacturing overhead efficiency variance.4.2.3 Fixed manufacturing overhead volume variance. 4.2Popi Limited uses the standard costing system. The standards for Product A are as follows:Material8 kilograms at R5.30 per kilogramLabour8 hours at R100 per hourVariable overheadsR40 per labour hourFixed overheadsR50 000Normal production29 000 units per monthActual information for the month May 2021 is:Material182 000 kilograms at R6.20 per kilogramLabour198 000 hours at R73 per hourVariable overheadsR35 per labour hourFixed overheadsR31 200Production25 000 units

Name: 4.2.1 Calculate the material quantity variance.4.2.2 Calculate the var
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Description: 4.2.1 Calculate the material quantity variance.4.2.2 Calculate the variable manufacturing overhead efficiency variance.4.2.3 Fixed manufacturing overhead volume variance. 4.2Popi Limited uses the standard costing system. The standards for Product A a

Material quantity variance=(Standard quantity-Actual quantity)*Standard price Variable overhead…

Answered: 4.2.1 Calculate the material quantity…

Business

Accounting

4.2.1 Calculate the material quantity variance. 4.2.2 Calculate the variable manufacturing overhead efficiency variance.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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