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 question generally ask for brand managers interview?

Select an organisation from the retail industry that is involved in marketing activities and analyse how the chosen organisation utilises each of the marketing mix elements in its

As a business man, how does MIS come handy to you for providing information at various stages of decision making in today’s world of ever increasing complexities of business manage


What is the role of management in career development of employees?


The United States based company HeaLTH Care Inc. has developed a new electronic monitor for elderly patients (personal accelerometer) that transmits an alert to care providers when

QUESTION Explain with supporting reasons, whether or not you agree with each of the following statements: a) Because we are a big manufacturing company we have a lot of fixe

Read the case: Cisco Systems, Inc.: Collaborating on New Product Introduction. Submit a 5-8 pages of report. Please CLEARLY address the study questions provided in the case. Make o