Intermediate : Mix and Yield variances Budgeted and standard data for a produce 1nclude the following:

Direct labour 10 employees work a 45-hour week. Standard rate of pay is £4 per hour Output per hour is 40 kg of product.

Overhead Budgeted fixed overhead is £270000 p.a. Budgeted output is 90 000 kg p.a . A 50-week year is operated.

Direct materials:

From this standard nux, 180 kg of product are expected.
Actual data for the first week in April were:

You are required to;

(a) calculate the following variances for each material :
direct material - total - price - usage - mix

(b) calculate the following variances :
direct materials yield direct labour efficiency overhead volume

(c) show the following accounts:
direct materials work 1n progress

Transcribed Image Text:

Material Quantity Price per kg (kg) () XIN 60 2.00 Y 40 1.00 100 1.40