Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer b please 2 / 8 67% + Section A. Answer ONE Question Question 1 Green Lid manufactures a product 246 using three materials, J.P.

image text in transcribed

Answer b please

2 / 8 67% + Section A. Answer ONE Question Question 1 Green Lid manufactures a product 246 using three materials, J.P. and Y The standard Information to produce one unit of product 746 is as follows Material 3kg a 5.00 per ko Material 2 kg at 7.50 per kg Material 5 kg at 200 per kg In its financial year 2021, Green Lid produced 600 units of product "246", using 1.890 kg of material 1,230 kg of material P, and 2.980 kg of material Y As the assistant Management Accountant, you are required to prepare variance analysis calculations and draft clear explanations for the management team of Green Ud (Round up to two decimals in your calculations required) Required: ) Calculate the material utage mix varlance for each material and in total uning the Individual Unimered You are required to show al working (8 marks) D) Calculate the material usage mix variance for each material and in totaling the Weighted Average method You are required to show a working (10 mars C) Using your solutions from above, explain the difference in the material usage mix Variance for Material y using the individualni method the materiale mix Variance for Mending the weighed average method. You are also reared 10 provide an overall written explanation of the final variance figure Word count no more than 800 words (12 mars) Calcule the yieks variance not using the weighted Average method You are required to show at workings. 15 mars Continued nextpage- MacBook Air

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Charles T. Horngren, Walter T. Harrison Jr., M. Suzanne Oliv

9th Edition

130898414, 9780132997379, 978-0130898418, 132997371, 978-0132569309

More Books

Students also viewed these Accounting questions