Smoothie Ltd. has the following standard costs and is budgeted to produce 2,000 units at a selling price of £20 per unit

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Smoothie Ltd Has The Following Standard Costs And Is Budgeted To Produce 2 000 Units At A Selling Price Of 20 Per Unit 1 (35.98 KiB) Viewed 39 times

a.) Calculate the sales price and sales volume variances
b.) Calculate the direct materials usage and direct labour rate
variances
Smoothie Ltd. has the following standard costs and is budgeted to produce 2,000 units at a selling price of £20 per unit. Standard Cost per unit Direct labour Direct materials Fixed costs £ Extra information 4 2 hours per unit 9 3 kilograms per unit 3 Actual production was 3,000 units which generated the following revenue and costs: Sales revenue Direct labour Direct materials Fixed costs £ 45,000 9,000 3,000 hours 32,000 8,000 kgs 3,000