Variances Analysis Practical Questions and Answers
Variances Analysis Practical Questions No. 1 Standard product cost card of a product is given below: Materials 2 feet length, 1/4 inch thick @ $16 $32 Factory overhead labor 4 hours @ $6 $24 Variable 4 hours @ $2 $8 Fixed 4 hours @ $4 $16 $24 Total standard production cost $80 Fixed overhead has …