Advanced Accounting

Office Magic Ltd manufactures ergonomic office equipment. The standard cost for material and labour is $190 per unit. This includes […]

Allan Ltd manufactures gardening equipment. At a recent staff meeting, the following direct labour variance report for the past year

George Siam runs a landscaping business in a wealthy suburb of Wellington. He provides a high quality service and focuses

The accountant for Lovely Manufacturing Company compares each month’s actual results with a monthly Plan. The standard direct labour rates

During January, Microchem Ltd produced 1000 units of special product called Stylex, and the counting records indicated the following: Direct

You have just been appointed the cost accountant for a new company called Amazing Joy Flights. In its first few

Rural Support Ltd has been successful in gaining a major contract to prepare and deliver meals to elderly and disabled

The data below relate to Super Fit Ltd, a manufacture of exercise equipment, for the month of August: Standard variable

Refer to the data in Exercise 10.23. Calculate the pure rate variance and joint rate efficiency variance for direct labour.

The following data relate to R.M. Williams’ operations for the month of July. Actual number of activity drivers: Machine hours