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f5 june 2008 question 1 prt b

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › f5 june 2008 question 1 prt b

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • August 19, 2017 at 9:01 pm #402511
    shakerah
    Member
    • Topics: 4
    • Replies: 5
    • ☆

    in the labour efficiency how they did receive 20

    August 20, 2017 at 6:28 am #402565
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    They didn’t receive anything!! The efficiency variance is 20,000 favourable.

    The actual hours worked in month 2 is 15,000 hours.
    The standard hours for the actual production in month 2 is 8,000 tonnes x 2 hours per tonne = 16,000 hours.

    So they saved 1,000 hours.

    The standard pay rate is $18 per hour, but since 10% of the hours paid is idle, only 90% of the hours paid are actually worked. So the standard cost of each hour actually worked is $18 / 90% = $20.

    So the labour efficiency variance = 1,000 hours x $20 per hour = $20,000.

    It will help you to watch my free lectures on this (including the lectures on advanced idle time variances). The lectures are a complete free course for Paper F5 and cover everything needed to be able to pass the exam ell.

    August 22, 2017 at 2:16 pm #402950
    shakerah
    Member
    • Topics: 4
    • Replies: 5
    • ☆

    thank you

    August 22, 2017 at 5:12 pm #403042
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    You are welcome 🙂

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    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘f5 june 2008 question 1 prt b’ is closed to new replies.

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