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I need ans within 15 minutes my best wishes ton QUESTION TWO FSN Limited produces a product by mixing two raw materials. The mixture for

I need ans within 15 minutes my best wishes ton image text in transcribed

QUESTION TWO FSN Limited produces a product by mixing two raw materials. The mixture for an order for a customer was set as follows: Material Standard mix Standard cost per unit L 40% Sh.4 M 60% Sh.3 The standard loss in process is 15%. In the month of January 2018, the company produced 1 700 units. The position of stock and purchases for the month is as provided: Material Stock Stock Purchases 1/01/2018 31/01/2018 Unit Cost Sh Units Units L 35 5 900 3,400 M 40 50 1,200 3,000 Required: i) Material cost variance. i) Price variance iii) Usage variance iv) Mix variance v) Yield variance vi) Verification of variances (7 Marks) Marks) (7 Marks) (7 Marks) (3 Marks) (2 Marks)

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