. Material Mix & Yield Variance Marks 5 (30 Minute)

Std cost

6.95

FG cost

7.72

Material & Yield Variance

Input Std

Material

1000Kg

Output Std

Finish Good

990 Kg

wastage

10kg

Std

Actual

Material

200,000

price/Kg

190,000

price/Kg

A

30,000

5

25,000

4

B

40,000

10

45,000

12

C

80,000

8

75,000

9

D

50,000

4

45,000

5

200,000

190,000

1

Compute Material Mix Variance

Output

184,300

2

Compute Yield Variance

3

FG Cost per Kg

4

Compute Sales Price per Kg with 25% markup