Variance

No - not in the Paper PM exam :-)

Hi, iasked in the wromg froum ealier, but is it possible to help with this Question. I have been trying to solve it, and i understand the concept of Operating statement, but not sure how to calculate this Thanks, Mustafi. Thank you for all the videos too. Question: Operating Statement £ £ £ Budgeted profit 8,000 Sales volume variance 880 (A) 7,120 Selling price variance 3,560 (F) 10,680 Cost variances A F Direct labour – rate 1,086 efficiency 240 Fuel Price 420 Usage 1,280 Variable overhead expenditure 280 efficiency 180 Fixed overhead expenditure 400 Volume 1,760 3,880 1,766 2,114(A) Actual profit 8,566 The company uses delivery miles as its cost nit, and the following details have been taken from the budget working papers for April 2022. Expected activity Charge to customers 200,000 delivery miles Expected variable cost per delivery mile £0.30 per delivery mile Direct labour (0.02 hours) £0.08 Fuel (0.1 litres) £0.04 Variable overhead (0.02 hours) £0.06 The following additional information has been determined from the actual accounting records for April 2022. • Fixed overhead cost • Fuel price • Direct labour hours Required: a) Calculate for April 2022 i. The actual number of delivery miles ii. Actual direct labour rate per hour iii. The actual number of litres of fuel consumed iv. The actual variable overhead expenditure

hi im not sure if u saw the question i uploaded

I have seen your question now. We do not sit at the computer 24 hours a day and you posted the question in the middle of the night (my time)!!! Sorry, but we do not provide full answers to full questions. You must have an answer in the same book in which you found the question, so ask about whatever it is in the answer that you are not clear about and then I will explain.