Business, 18.01.2021 09:10 mmpinkortizov5n3y

PART B: DIRECI MAL At the beginning of June, Faiz Mainan Sdn. Bhd. budgeted 5,000 toys action figures to be
manufactured in June at standard direct materials and direct labor costs as follows:
Sp
Direct materials
RM50,000
Direct labor
RM36,000
Total
RM86,000
The standard materials price is RM4.00 per pound. The standard direct labor rate is RM18.00
per hour. At the end of June, the actual direct materials and direct labor costs were as follows:
Actual direct materials
RM49,600
RM34,020
Actual direct labor
Total
RM83,620
There were no direct materials price or direct labor rate variance for June. In addition, assume
no charges in the direct materials inventory balances in June. Faiz Mainan Sdn. Bhd. actually
produced 4,850 units of toys action figures during June.
REQUIRED:
(a) Determine the direct materials price variance.
(6) Determine the direct labor rate variance.

Answers: 3

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PART B: DIRECI MAL At the beginning of June, Faiz Mainan Sdn. Bhd. budgeted 5,000 toys action figur...

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