FMA, Management Theories

M/s XYZ Ltd manufactures a product “PLVS” at its plant at Meerut, the maximum capacity of which is 200 units per month. Details of raw materials which go into the making of 1 units of “PLVS” are provided to you below:-
Sl.No Raw material description Standard Qty per finished unit (No) Standard purchase price per unit (Rs. 00)
1 A 1 6
2. B 2 5
3. C 3 4
4. D 4 3
5. E 5 2
6. F 6 1

Standard fixed overheads are Rs. 20,00,000/- per month whereas the standard variable overhead rate has been estimated as equal to Rs.1,400/- per unit of finished good.

You are required to compute the
a) Standard cost of the product.
b) Compute the production volume variance in case the company produces and sells only 100 units of finished goods in the concerned month.
c) Compute the usage and material price variances considering the following actual data (actual production and sale: 100 units)
Posted Date: 4/15/2012 1:35:52 AM | Location : United States







Related Discussions:- FMA, Assignment Help, Ask Question on FMA, Get Answer, Expert's Help, FMA Discussions

Write discussion on FMA
Your posts are moderated
Related Questions
What is the purpose of organization

heavy lift surcharge vs long lift surcharge

what is relevance hofstede''s dimension model of culture to the tourism and hospitality industry

Uses of Work Sampling Techniques: 1.To estimate the percentage of a protracted time period consumed by various activity states of a resources such as equipment machines or opera

Define Analog Model in Operation Management? Definition of Analog Model: A model in which one physical property is used to represent another physical property.


Definitions of management: 1. Productive and efficiency oriented: F.W.Taylor - 'The art of knowing what you want to do and then seeing that it is done in the best and the cheap

Q. Describe the functions of managers? Planning, staffing, organizing, directing and controlling are the basic functions of management.

in which kind of respiration no energy is releasd

Objectives of a Library Catalogue Charles Ami Cutter described the objectives of a library catalogue in 1876 when he published the first edition of his book Rules for a Dictio