Tutorial 6 Answer - THE UNIVERSITY OF NEW SOUTH WALES...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
1 THE UNIVERSITY OF NEW SOUTH WALES SCHOOL OF ACCOUNTING ACCT2522 Management Accounting 1 Session 1, 2009 Tutorial Week 6 - Standard cost and variance analysis Solutions to Calculative Part of Tutorial Questions 1. Solutions to Langfield-Smith, Chapter 10, Problem 10.47 (Part1 only) 1. Standard cost for a 40 litre batch of raspberry sherbet: Direct material: Raspberries (7.5kg* × $4.40) $33.00 Other ingredients (34 litres × $0.35) 11.90 Direct labour: Sorting [ × $27.00] $8.10 Blending [(12 min ÷ 60) × $27.00] $44.90 5.40 13.50 Packaging (40 litres × $0.28) 11.20 Standard cost per 40 litre batch $69.60 * 6 kg × (5 ÷ 4) = 7.5 kg required to obtain 6 acceptable kilograms. Sorting by hand 3 mins for 1kg of acceptable raspberries; 6 kilos required for each batch Blending 12 mins per batch Packaging $0.28 per litre, 40 litres per batch Start Finish 3 min/kilogram × 6 kilograms/batch 60
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
2 2. Solutions to Langfield-Smith, Chapter 10, Problem 10.40 1 Type A fertiliser: Price variance:
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/31/2012 for the course ACCT acct taught by Professor A during the Three '11 term at University of New South Wales.

Page1 / 4

Tutorial 6 Answer - THE UNIVERSITY OF NEW SOUTH WALES...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online