Question
I only have this attempt, please try to help TQ HGV Multi-Chemicals manufacture and sell a product called FMX from three raw materials namely H,
I only have this attempt, please try to help TQ
HGV Multi-Chemicals manufacture and sell a product called FMX from three raw materials namely H, G and V. FMX is budgeted to sell for RM88 per unit.
For the month of July, the standard input at the standard mix are:
kg Std Price (RM)
H 5,500 5.00
G 2,000 4.00
V 2,500 2.00
10,000
The actual input at the actual mix for the same month are:
kg Actual Price RM
H 5,200 4.00
G 2,200 4.20
V 2,600 2.50
10,000 litres
The expected standard loss in the production of the chemicals is 8%.
The actual loss in the production of the chemicals is 8.5%.
Required: Calculate the:
- Material price variance
- Standard cost of yield
- Material mix variance
- Material yield variance
- Material usage variance
(for each of the variances (a) to (e), your calculations should show the individual materials H, G, and V variances separately)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started