Standard Costing -Can anybody solve this Question
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Q 1. From the following data, compute the Wage Variances-
STANDARD-
|
Number in the Standard Gang |
Men 20, |
Women 10 |
|
Standard wage rate per hour |
Rs. 0.90, |
Rs. 0.80 |
|
Standard output per Gang hour 50 units |
|
|
ACTUAL-
|
Number in the Actual Gang |
|
Men 16, |
Women 18 |
|
Actual Wage rate per hour |
|
Rs. 1.00 |
Rs. 0.50 |
|
Actual Gang hours paid for |
40 |
|
|
|
Actual Gang hours worked for |
39 |
|
|
|
Abnormal idle time |
1 Gang hour |
|
|
|
Actual Output |
2,400 units |
|
|
My Question is-
1. What is standard output? Explain why
50 units X ? multiply it by which number and why
2. Calculate Standard mix for actual hours worked?
CAclubindia
