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since the 8900 units (8900 u * 5 hours) = 44500 hours
and cost is known ($88200) but the other, actual hours was known, cost was 87348
Differences in units and hours in terms of efficiency 44100/5= 8820 units
8900- 8820 = 80 units
80 units for standard hours 80*5 = 400 hours differences (Favored)My biggest confusion is this, i am trying to figure how much per hour in $ to arrive at $87348 for the actual hours of 44100 even though it was given in the question example 1&2
Please advise me on this.
This is my workings sir maybe you can correct me if am making mistake.
The result of $87348 for actual hours of 44100.
I divide 87348/44100 = $1.9806 to get dollar per unit for every 5 hours worked and it resulted $87344.since 88200/44500= exactly $2 because 44500*$2= $88200 according to your workings.
I have no idea why on earth you want to calculate the cost per hour to arrive at $87,348. It is of no relevance at all!!
Have you watched the free lectures where I work through these examples in detail? (There is no point at all in using the notes on their own – they are lecture notes to be used with the free lectures. If you are not watching the lectures for any reason, then you must buy a Study Text from one of the ACCA approved publishers.)
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