Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 31, 2024

The following information relates to Mark LLC for the financial year 2019-2020: Standard Mix : Material A SQ 330 kgs SP 100 dhs Material B

The following information relates to Mark LLC for the financial year 2019-2020:

Standard Mix: Material A SQ 330 kgs SP 100 dhs

Material B SQ 180 kgs SP 200 dhs

Total 510 kgs

Actual Mix: Material A AQ 300 kgs AP 100 dhs

Material B AQ 250 kgs AP 200 dhs

Total 550 kgs

You are required to calculate the following:

Material Mix Variance

Answers should be in Word or Excel Format

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Outline four general characteristics of Wundts thought.

Answered: 1 week ago

Question

★★★★★

According to the web site www.torchmate.com, manhole covers must be a minimum of 22 in. in diameter, but can be as much as 60 in. in diameter. Assume that a manhole is constructed to have a circular...

Answered: 1 week ago

Question

★★★★★

which of the following statements regarding cash transactions is true? A) Purchasing land for cash results in no net change in assets. B) Expense transactions increase assets C) Purchasing land for...

Answered: 1 week ago

Question

★★★★★

A _______________ inventory system updates its records at the end of the period based on actual physical inventory counts, whereas a _____________inventory system updates its records after every...

Answered: 1 week ago

Question

★★★★★

Machine Company manufactures pressure-relief valves and they have determined that 0.1% of valves they produce are defective due to critical flaws which affect the material strength. Due to the...

Answered: 1 week ago

Question

★★★★★

Now having had experience with each aspect of the strategic analysis process from conducting an external and internal environment scan of current strategies, assessing a firm's current strategy and...

Answered: 1 week ago

Question

★★★★★

1. Find out the categories in Activity based costing: 1.Indirect consumables 2. Inspection of products 3.Plant security 4.Design of the product 5.Advertising costs 6.Building maintenance 2. A firm...

Answered: 1 week ago

Question

★★★★★

"Saeed Al-Ghamdi" is the third employee to enter your office today, expressing his objection to the promotion of "Abdullah Ahmed" to a supervisory position, even though he only spent one year in the...

Answered: 1 week ago

Question

★★★★★

Loyalty to the organization is the paramount duty. It requires the individual to put the interests of the corporation before self-interest. Specifically, no director is permitted to gain personally,...

Answered: 1 week ago

Previous Question Next Question