Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The company Fl sar og Parquet produces high - quality tiles. In 2 0 2 2 , the estimated purchase of material was 5 0

The company Flsar og Parquet produces high-quality tiles. In 2022, the estimated purchase of material was 50,000 kg, which cost 100 ISK. per kilo.
Actual purchase and use of material was 55,000 kg. which cost 95 ISK. per kilo. Estimated production was 40,000 tiles, but actual production was 43,000 tiles. Answer 4 questions on Canvas. 1. How many kg of clay are needed for each tile according to the plans? 2. What is the raw material utilization variance? 3. If the planned production had been 45,000 tiles, what would have been the planned raw material variance? 4. If the estimated production had been 45,000 tiles, what would have been the raw material price variance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer 1 To find out how many kilograms of clay are needed for each tile according to the plans we divide the estimated purchase of material by the es... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics For Contemporary Decision Making

Authors: Black Ken

8th Edition

978-1118494769, 1118800842, 1118494768, 9781118800843, 978-1118749647

More Books

Students also viewed these General Management questions

Question

Explain how the cash flow cycle works.

Answered: 1 week ago