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Answer all 3 parts The following information relates to questions 16 and 17 The standard cost for material Z was estimated to be 13.00 per
Answer all 3 parts
The following information relates to questions 16 and 17 The standard cost for material Z was estimated to be 13.00 per kg with a projected production level of 5,000 units, each unit containing 4kg. At the end of the production period it was discovered that it had been possible to purchase this material for 12.50 per kg. The actual purchases were made at 12.85 per kg for a total of 20,000kg and actual production was 5,000 units 16. The planning variance was 3,000A 5,000F 10,000A 10,000F 17. The operational variance was 3,000F 3,000A 7,000A 10,000F 18 Which of these statements is/are correct? a balanced scorecard must always balance a balanced scorecard reports an organisation's KPl's i) ii)a balanced scorecard combines numbers and narratives iv) a balanced scorecard is equally relevant in a not for profit organisation (A)all of them (B) ii) and iv) (C) only ili) (D) only i)
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