Material Price, Quantity, Mix & Yield variances.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Standard Costing - Variance Analysis - H.O#2
Q.1:- The standard mix for producing 8,000 bottles of Product-X is as follows;
Material: A
Material: B
from an input of:
1,000 liters
2,000 liters
Re. 0.1/liter
Re. 0.4/liter
Material: A
Material: B
During May, 10,000 bottles of X were produced
1,500 liters
3,300 liters
Required:-
Material Price, Quantity, Mix & Yield variances.
Re. 0.11/liter
Re. 0.37/liter
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