Question: Could you answer A please Section A - Answer ONE Question Question 1 Green Ltd manufactures a product 246 using three materials, J.P. and Y.

 Could you answer A please Section A - Answer ONE Question

Could you answer A please

Section A - Answer ONE Question Question 1 Green Ltd manufactures a product "246" using three materials, J.P. and Y. The standard Information to produce one unit of product "246" is as follows. Material 3 kg at 5.00 per kg Material P 2 kg at 7.50 per kg Material Y 5 kg at 2.00 per kg In its financial year 2021, Green Lid produced 600 units of product 246", using: 1,890 kg of material J 1,230 kg of material P. and 2.980 kg of material Y. As the assistant Management Accountant. you are required to prepare variance analysis calculations and draft clear explanations for the management team of Green Ltd. (Round up to two decimals in your calculations if required) Required: a) Calculate the material usage mix variance for each material and in total using the Mindividual Unit" method. You are required to show all workings. (8 marks) b) Calculate the material usage mix variance for each material and in total using the Weighted Average" method. You are required to show all workings (10 marks) c) Using your solutions from above, explain the difference in the material usage mix variance for Material Y using the individual unit method and the material usage mix variance for Material y using the weighted average method. You are also required to provide an overall written explanation of the final variance figure, Word count: no more than 800 words. (12 marks) d) Calculate the yield variance in total using the Weighted Average" method. You are required to show all workings (5 marks) Continued next page

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