Quiz3 - ADM2341 Managerial Accounting Winter 2007 Solution...

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ADM2341 Managerial Accounting Winter 2007 Solution Quiz #3, .................................................. /20 marks Student Name:___________________Student number:___________________________ Questions will be answered regarding possible errors in the exam only. ............................................................................................................................................................ Show calculations for part marks where appropriate QUESTION 1 (10 marks) CleenProd makes industrial cleaners. Standard costs for a gallon of Scumbegone are as follows, along with actual results for March. Direct labour at $12 per hour Variable overhead at $6 per DLH $6 3 Actual results for March: a) Production was 3,000 gallons b) Direct labourers worked 1,450 hours at $13.00. c) Variable overhead was $10,100. Required Compute the direct labour and variable overhead rate and quantity variances. Indicate whether they are F avourable or U nfavourable and why? AQ x AP
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Quiz3 - ADM2341 Managerial Accounting Winter 2007 Solution...

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