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Classifying actual and budgeted figures

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Classifying actual and budgeted figures

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by John Moffat.
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  • November 14, 2017 at 2:39 pm #415743
    nasrii
    Member
    • Topics: 4
    • Replies: 2
    • ☆

    Sir, if a question says that it takes 10 minutes to produce and assemble the product, do we have to consider it as standard hours or actual hours given that standard labour rate per hour is $15. Also it says the product used an average of 5 kgs metal, and does that mean it is actual material used or budgeted material, given that standard material cost is $2?

    November 15, 2017 at 9:12 am #415876
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54695
    • ☆☆☆☆☆

    You keep asking the same question.
    It depends on the wording of the whole question. Tell me a past exam question that is giving you this problem and then I can answer precisely.

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