Answered step by step
Verified Expert Solution
Question
1 Approved Answer
just answer 4( b) 3. Reconcile the amount of profit calculated following Absorption Costing Method and variable costing Method Marks :10 ( 1+1+1+1+1+5) Question #
just answer 4( b)
3. Reconcile the amount of profit calculated following Absorption Costing Method and variable costing Method Marks :10 ( 1+1+1+1+1+5) Question # 04 Standard Material required for producing 100 kgs of Product X is given below 1. Material A: 45 kgs @ Tk. 2.00 2. Material B: 40 kgs @ Tk. 4.00 3. Material C: 25 kgs @ Tk. 6.00 Total Less Standard Loss: 10 kgs Net Requirement: 100 kgs Tk. 90.00 Tk. 160.00 Tk. 150.00 Tk. 400.00 110 kgs Actual production -2,000 units of Product X. Actual Material usage 1. Material A: 1,000 kgs @ Tk. 1.90 2. Material B: 850 kgs @ Tk. 4.20 3. Material C: 450 kgs @ Tk. 6.50 Total 2,300 kgs Tk. 1,900.00 Tk. 3,570.00 Tk. 2,925.00 Tk. 8,395.00 You are required (A).To calculate 1. Material cost variance 2. Material price variance 3. Material mixture variance 4. Material yield variance 5. Material usage variance (B). To suggest Mr. Z who is interested to acquire the BusinessStep 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