Answers
Answer.. | |||
a | |||
Standard cost | |||
Particular | units/hrs | Rate | Amounts |
Labour | 5 | 28 | 140 |
Direct material | 18 | 12 | 216 |
variable factory o/h | 5 | 2 | 10 |
fixed factory o/h | 5 | 3.8 | 19 |
385 | |||
standared cost per dining table $385 | |||
b. Management by exception | |||
Major | |||
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