快速查题-ACCA英国注册会计师试题

Returning to the question above, now assume that the company operates a marginal costing system.  

Required 

Recalculate any variances necessary and produce an operating statement. 

Fill in the blanks. 

The material price variance is the difference between ………………… and ………………… 

The material usage variance is the difference between ………………… and ………………… 

 Product GX consists of a mix of three materials, J, K and L. The standard material cost of a unit of GX is as follows: 

                                                                                        $ 

Material J                        5 kg at $4 per kg               20 

Material K                       2 kg at $12 per kg             24 

Material L                        3 kg at $8 per kg               24 

During March, 3,000 units of GX were produced, and actual usage was: 

Material J                                        13,200 kg 

Material K                                         6,500 kg 

Material L                                          9,300 kg 

What was the materials yield variance for March? 

The following statements relate to the materials mix variance: 

(i) A favourable total mix variance would suggest that a higher proportion of a cheaper material is being used instead of a more expensive one.

 (ii) A favourable total mix variance will usually result in a favourable material yield variance. 

Which of the above statements are true? 

 JC Ltd mixes three materials to produce a chemical SGR. The following extract from a standard cost card shows the materials to be used in producing 100 kg of chemical SGR: 

What is the total material mix variance?