Ask for question 15 of F5 Revision Mock Exam

Have you watched the free lecture on advanced idle time variances - if not then I suggest that you do :-) (Our lectures are a complete course for Paper F5 and cover everything you need to be able to pass the exam well) The actual hours worked are 38,000 - 3,000 = 35,000 hours The standard hours for the actual production are 20,000 x 1.5 hours = 30,000 hours. So they are inefficient by 5,000 hours. These are costed at the standard rate per working hour. The standard rate of pay is $15 per hour, but because of the 10% idle time (and therefore 90% standard working time per unit), the rate per working hour is 15/0.9 = $16.666 per hour. Therefore the efficiency variance - 5,000 x $16.666 = $83,333 adverse.

You are welcome :-)

1) https://www.accaglobal.com/content/dam/acca/global/PDF-students/acca/f5/exampapers/F5-2015-jun-q.pdf These are 2 Blocks of June 2015 F5 questions. MCQs are included in questions, but there are no answers. Can anybody help with MCQ answers?

Sorry - I do not have them.