Cumulonimbus Lid operates a standard costing system. The standard direct materials to produce 600 units of...

 

Transcribed Image Text:

Cumulonimbus Lid operates a standard costing system. The standard direct materials to produce 600 units of output is as follows Material Grade Input quantity (titres) Standard price per litre(€) P G 11 E F G 200 H 300 120 180 During December 2021 the actual output of the product was 10,500 units. The actual Materials issued to production were: Material Grade Quantity (litres) i. Planning Variance 2,000 ii. Goal Congruence 5,000 iii. Sub-Optimality 2,000 1.10 3.000 0.55 1.20 1.50 You are required to: a. Calculate the material mix and yield variance for each material and in total. Comment on the figures calculated. VW b. Explain briefly, with examples, your understanding of the following terms: www S Offe Cumulonimbus Lid operates a standard costing system. The standard direct materials to produce 600 units of output is as follows Material Grade Input quantity (titres) Standard price per litre(€) P G 11 E F G 200 H 300 120 180 During December 2021 the actual output of the product was 10,500 units. The actual Materials issued to production were: Material Grade Quantity (litres) i. Planning Variance 2,000 ii. Goal Congruence 5,000 iii. Sub-Optimality 2,000 1.10 3.000 0.55 1.20 1.50 You are required to: a. Calculate the material mix and yield variance for each material and in total. Comment on the figures calculated. VW b. Explain briefly, with examples, your understanding of the following terms: www S Offe

Answer rating: 100% (QA)

Final Answers Answer Standard Quantity a 200600 10500 300600 10500 120600 10500 b 3500 Standard pric... View the full answer