Big Al's Diner makes the biggest burger in the world
Calculate materials price variance, materials usage variance
& material total cost variance.
Calculate labour rate variance, labour efficiency variance
& labour total cost variance.
The burger has the following standard costs:
Materials:10
kg at £16 per kg £160
Labour: 4 hours @ £15 per hour
Budgeted production is 1 200 products a month
Actual production for a month:
Number made and sold 1 260
Materials 13
000 kg £207
000
Labour 5
100 hours £ 77 000
