During the month of April 20X1 Winston Ltd. produce 6,700 dodgits. The cost of the materials in these dodgits was $48,240. Each dodgit used 4 kg of the material and it cost $1.80 per kg during the month. The standards for the production of dodgits for April were 4.2 kg of material per dodgit at a price of $1.60 per kg. The anticipated production for the month had been 6,500 dodgits. Using the reconciliation type of variance report, reconcile the standard cost and actual cost of the materials for dodgits for this period.

During the month of April 20X1 Winston Ltd. produce 6,700 dodgits. The cost of the materials in these dodgits was $48,240. Each dodgit used 4 kg of the material and it cost $1.80 per kg during the month. The standards for the production of dodgits for April were 4.2 kg of material per dodgit at a price of $1.60 per kg. The anticipated production for the month had been 6,500 dodgits. Using the reconciliation type of variance report, reconcile the standard cost and actual cost of the materials for dodgits for this period.

Name: 6During the month of April 20X1 Winston Ltd. produced6,700 dodgits. T
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Description: 6During the month of April 20X1 Winston Ltd. produced6,700 dodgits. The cost of the materials in thesedodgits was $48,240. Each dodgit used 4 kg of thematerial and it cost $1.80 per kg during the month.The standards for the production of dodgits for

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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