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You have been given the following information about Blue Spruce Co. Ltd., which uses a...

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Accounting

You have been given the following information about Blue Spruce Co. Ltd., which uses a standard cost system in accounting for its one
product:
In the month of November 2022,4,870 units were produced.
The annual overhead budget includes $744,000 for variable and $1,041,600 for fixed overhead items. Budgeted production for
the year is 49,600 units. Overhead is applied based on direct labour hours.
The materials standard per unit is 20 litres at $1.00 per litre.
The direct labour standard per unit is 3 hours at $10.
The actual price paid for material was $0.98.
The actual direct labour rate was $10.50.
Actual fixed overhead costs totalled $88,600.
The following variances have already been calculated:
(a)
Calculate the quantity of material purchased.
Quantity of material purchased
litres
image

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