Advanced FG, an ink manufacturer, produces black ink by mixing three chemicals The standard material costs per litre of black ink are as follows Actual data for April were as follows Output of black ink (OOOs litres) 3300 Required Calculate the following variances for April (i) The total material m...

The Answer is in the image, click to view ...

Advanced. FG, an ink manufacturer, produces black ink by mixing three chemicals. The standard material costs per

Question:

Advanced. FG, an ink manufacturer, produces black ink by mixing three chemicals.

The standard material costs per litre of black ink are as follows:

image text in transcribed

Actual data for April were as follows:
Output of black ink (OOOs litres) 3300

image text in transcribed

Required:
Calculate the following variances for April:
(i) The total material mix variance. (3 marks)
(ii) The total material yield variance. (2 marks)
CIMA Performance Operations

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Management And Cost Accounting

ISBN: 9781408093931

9th Edition

Authors: Colin Drury

See More Books

Question Posted: Jun 05, 2024 01:02 AM

See More Questions

Which of the following is NOT an assumption of the economicorder quantity model shown below? Quantity discounts are not possible . Production and use can occur simultaneously. Lead time is known and...
Develop a chart of Director's financial presentation based on the Case Example, displayed in our text in Appendix Chapter 9-A, for Harris Memorial Hospital and Harris Community Foundation's Audited...
Comparative data on three companies in the same service industry are given below. Required: 2. Fill in the missing information. (Round the "Turnover" and "ROI" answers to 2 decima Company A B C Sales...
In Exercises 1 through 18, differentiate the given function. y = x x + 1 2
Calculate the TC & R coefficients for each subbasin in the given watershed. Assume that the equations listed in Table 5-10 are applicable and that S = S0.
A fraud may be perpetrated through an unintentional mistake. (True/False)
Mobile access to social media. The Marketing Management Journal (Fall 2014) published the results of a designed study to investigate satisfaction with the use of mobile devices to access social...
Thomas was sent a credit card through the mail by a company that had taken his name and address from the telephone book. Because he never requested the card, Thomas left the card lying on his desk. A...
A measure of total risk is the ________________
Advanced. The following data are available for Products A, Band C: Required: (i) Calculate the total sales mix contribution variance. (3 marks) (ii) Calculate the total sales quantity contribution...
What are planning variances? Why are they separately identified? (pp. 482-483)
discuss the barriers for implementing activity-based cost systems and how these might be overcome LO1
Find the expected value of buying the extended warranty. The expected value of buying the extended warranty is . A new flat - screen TV comes with a 1 - year warranty wh ich completely covers any...
An Olympic runner is coming to visit your school. You have been told that a world class race has two stages. In the first stage, the runner accelerates at a constant rate until he reaches maximum...
Question 3(15 marks) An investor holds 100,000 units of a bond whose features per bond are summarized in the following table. She wishes to be hedged against a rise in interest rates. Maturity Coupon...
12. In a professional cycling race, competitors (the "peloton") begin the race by riding 45.0 km north, then the road turns west by 37 for the next 50.0 km, before turning due west for the final 35.0...
Whateva Ltd uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. The costing system for manufacturing has two direct cost categories...
Explain how a separate linking table works in a many-to-many association.
6. (Potential Energy and Conservation of Energy) What should be the spring constant k of a spring designed to bring a 1200-kg car to rest from a speed of 95 km/h so that the occupants undergo a...
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at...
3. How much life insurance do you need? Calculating resources - Part 2 Aa Aa E Paolo and Maria Rossi have completed Step 1 of their needs analysis worksheet and determined that they need $2,323,000...
On March 1, LGE asks to extend its past-due $1,200 account payable to Tyson, Tyson agrees to accept $200 cash and a 180-day, 8%, $1,000 note payable to replace the account payable. (Use 360 days a...

Advanced. FG, an ink manufacturer, produces black ink by mixing three chemicals. The standard material costs per

Question:

$ 0.50 litres of Chemical A @ $0.60 per litre 0.30 0.30 litres of Chemical B @ $1.40 per litre 0.42 0.25 litres of Chemical C @ $1.00 per litre 0.25 1.05 0.97

Step by Step Answer:

Management And Cost Accounting

Students also viewed these Business questions