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Question Five Sheki Sheki Ltd manufactures a chemical dynomite, using 2 compounds flash and Bang. The standard material usage and cost of one unit of

Question Five Sheki Sheki Ltd manufactures a chemical dynomite, using 2 compounds flash and Bang. The standard material usage and cost of one unit of dymite are as follows:

Flash (5 kg @ K2 per kg) K10
Bang (10 kg @ K3 per kg) K30
K40

In a particular period, 80 units of dymites where produced from 500 kg of flash and 750 kg of bang. Required a) Define the terms Mix and Yield variances (2 Marks) b) Calculate the material usage variance for compounds flash and bang (5 Marks) c) Calculate the Mix variances (8 Marks) d) Calculate the Yield variances (6 Marks) e) What are planning and operational variances (4 Marks

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