standerd costing, Managerial Accounting

Ask queThe standard cost of chemical mixture ~ PQ’ is as follows:
40% of material P @ Rs. 400 per kg.
60% of material Q @ Rs. 600 per kg.
A standard loss of 10% is normally anticipated in production. The following
particulars are available for the month of March, 2005.
180 kgs of material P have been used @ Rs. 680 per kg.
220 kgs of material Q have been used @ Rs. 360 per kg.
The actual of production of ‘PQ’ was 369 kgs.
Calculate the following variance:
a) Material Price Variance
b) Material Usage Variance
c) Material Mix Variance
d) Material Yield Variance
stion #Minimum 100 words accepted#
Posted Date: 3/7/2016 8:16:11 AM | Location : USA







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

Write discussion on standerd costing
Your posts are moderated
Related Questions
In the current corporate world, this is a common practice of companies along with surplus cash to lend to another company for a short period generally ranging from 60 days to 180 d

Give the following cost data Costs /per unit labor … $ 4 Materials …5 Fixed cost … $ 12000 Determine the break even point in units if the selling price is $ 19.00 Determine th

The following information pertains to Fairways Driving Range, Inc.: The company is considering operating a new driving range facility in Sanford, FL. In order to do so, they will

Techniques of CVP Analysis  The CVP  analysis deals with the price costs structure and the sales volume and identifies the profit figure with one or other combination of these

Improvement in product design may result in cost reduction illustrated below: 1) Material cost : change in design of the product may result in saving in material cost. Economi

Illustration of Marginal profit To illustrate the computations, suppose that the marginal profit or XE in our model is changed from 3 to 3 + δ1, where δ represents either posit

What the traffic can bear pricing Pricing based on what the traffic can bear is not a sophisticated method. It is used by retail traders as well as by some manufacturing firms.

Alternative performance measures There are various measures that can be used to measure performance of a decentralized company. The major ones are: •    Return on Investmen

Activity Based Costing (ABC) differs from Absorption Costing (AC) in the manner in which overheads are charged to units. ABC charges overheads to units based on their proportion

Markov Analysis It is a way of analyzing the current movement of some system in an effort to predict the future movement of the same system. There are two elements that must be