Cost accounting (Case study calculation)

You are required to prepare the following:
(a) A table listing the standard prices standard quantities and standard costs for all variable costs (direct and indirect).
(b) A Flexible Budget for Killies Scuba Diving for the six months ended 30 June 2016.
(c) Calculation of the following variances:
i) Sales volume variance (assume volume is the total number of courses for the period);
ii) Selling price variance;
(Note that the variances above have not been directly covered in lectures).
iii) Price and quantity variances for each type of direct material;
iv) Rate and efficiency variances for direct labour;
v) Spending and efficiency variances for each variable overhead category;
vi) Spending variance for each fixed overhead category;

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