Calculate fixed production overhead expenditure and volume variances and then subdivide the volume variance.
【论述题】
Calculate the following material variances.
(1) Price (3) Mix
(2) Usage (4) Yield
Calculate the following labour variances for each of the production departments.
(1) Cost (2) Efficiency (3) Rate
Calculate the sales variances.
Comment on your findings to help explain what has happened to the yield variance.
Are variable production overhead variances based on hours paid or hours worked?
Choose the appropriate words from those highlighted.
The materials mix variance is calculated as the difference between the standard/actual total quantity used in the standard/actual mix and the standard/actual quantities used in the standard/actual mix, valued at standard/actual costs.
Mr. Green makes salads. The standard plate of salad has 30 g of lettuce (L), 50 g of peppers (P) and 80 g of beetroot (B). The standard prices of the three ingredients are $0.2/kg, 0.4/kg and 0.8/kg respectively.
Mr. Green has been experimenting and so in July he changed the mix of vegetables on the plate thus: 1,500 plates contained 62,000 grams of lettuce, 81,000 grams of peppers and 102,000 grams of beetroot.
What is the yield variance (do not round your answer)?
A company has a process in which the standard mix for producing 9 litres of output is as follows:
$
4.0 litres of D at $9 per litre 36.00
3.5 litres of E at $5 per litre 17.50
2.5 litres of F at $2 per litre 5.00
Total 58.50
A standard loss of 10% of inputs is expected to occur. The actual inputs for the latest period were:
$
4,300 litres of D at $9.00 per litre 38,700
3,600 litres of E at $5.50 per litre 19,800
2,100 litres of F at $2.20 per litre 4,620
Total 63,120
Actual output for this period was 9,100 litres.
What is the total materials mix variance?
Jones’ monthly absorption costing variance analysis report includes a sales mix variance, which indicates the effect on profit of actual sales mix differing from the budgeted sales mix. The following data are available.
What is the favourable sales mix variance for July?