(Answered) Q1 a product x is estimated to require 20 hours per unit

Accounting

Q1. a) Product X is estimated to require 20 hours per unit. The standard rate per hour is Re.1. During a month 2000 units were produced. For this 38,000 hours were taken at Rs. 1.05 per hour. Calculate the variances.

b) In this illustration, if it is assumed that 100 hours is lost due to breakdown of machinery, calculate the necessary variances.

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