The following information relates to product Jupiter, produced by Bfield Ltd during January. This represents the information that remains after a fire in the premises destroyed most of the accounting records.
Variances GH¢
Selling price 50,000 A
Materials price 28,500 F
Materials usage 7,500 A
Labour rate 18,700 F
Labour efficiency 20,400 A
Actual data
Sales (25,000 units at GH¢10) 250,000
Materials costs (112,500 kg at GH¢1.20) 135,000
Labour costs (75,000 hrs. at GH¢1.9) 142,500
There was no opening or closing inventories
Required:
Prepare the standard cost card per unit of product Jupiter. (3 marks)
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