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
Hard Currency Hard currencies can be exchanged for other hard currencies at a designated exchange rate. Currency in which there is large confidence in the world markets, as opp

the past and present state of MIS in logistic industry


Your presentation should bring together the theory that best fits your concept of advance practice nursing, the model that you will use to translate this into practice, and your fi

Requirements for a Good Research Design: a. Nature  and scope  of the problem  to be studied must be  stated clearly or say must  be well  defined and formulated. b. If any

Q. What are the importance of Motivation? 1) Reduce Absenteeism 2) Increase Productivity 3) Reduces Lab our turn over 4) Increases morale of the employees and 5) In

Register Systems The earliest method of charging books for home use was a relatively simple one of writing the author, title and borrower's name in a 'Day book'. A 'Day b

Factorial Design: The factorial  experiment design  allows  the researcher to test two  or more  variables  at the same  time. It  determines whether  the variables interact t

Explain the MBO Process.

the company has 12 instructors and can handle upto 100 trainees for each training session . the company offers 5 advanced technology courses ,each of which is taught by a team of 2