Question: 1 prepare a schedule of total standard manufacturing costs for...
1. Prepare a schedule of total standard manufacturing costs for
the 7,800 output units in January 2018
2. For January 2018, calculate the following variances, indicating whether each is favourable (F) or unfavourable (U):
a. Direct materials rate variance, based on purchases. b. Direct materials efficiency variance. c. Direct manufacturing labour rate variance.d. Direct manufacturing labour efficiency variance. e. Total manufacturing overhead rate variance. f. VMOH efficiency variance. g. Production-volume variance