One kilogram of product K requires two chemicals A and B. The following were the details of
Question:
One kilogram of product K requires two chemicals A and B. The following were the details of product for the month of June 2020.
(a) Standard mix: Chemical A 50% and chemical B 50%
(b) Standard price per kilogram of chemical A 12 and chemical B*15.
(c) Actual input of chemical B 70 kilogram.
(d) Actual price per kilogram of chemical A 15.
(e) Standard normal loss 10% of total input.
(f) Material cost variance total 650 adverse.
(g) Material yield variance total 135 adverse.
You are required to calculate:
(1) Material mix variance.
(ii) Material usage variance.
(iii) Material price variance.
(iv) Actual loss of actual input.
(v) Actual input of chemical A.
(vi) Actual price per kilogram of chemical B.
Differential Equations and Linear Algebra
ISBN: 978-0131860612
2nd edition
Authors: Jerry Farlow, James E. Hall, Jean Marie McDill, Beverly H. West