IDNLearn.com is designed to help you find accurate answers with ease. Our experts provide accurate and detailed responses to help you navigate any topic or issue with confidence.
QUESTION ONE
The standard quantity and standard price of raw material required to produce one unit of \(Z\) are given as follows:
\begin{tabular}{llrr} & \multicolumn{2}{l}{Quantity [tex]$\quad$[/tex] Standard Price} & Total Cost \\ Material A & [tex]$3 \text{ kg}$[/tex] & TZS [tex]$4,000 /=$[/tex] per kg & TZS [tex]$12,000 /=$[/tex] \\ Material B & [tex]$5 \text{ kg}$[/tex] & TZS [tex]$3,000 /=$[/tex] per kg & TZS [tex]$15,000 /=$[/tex] \\ Total & [tex]$8 \text{ kg}$[/tex] & & TZS [tex]$27,000 /=$[/tex] \end{tabular}
The actual production and related data for producing an output of 500 units of product \(Z\) are as follows:
\begin{tabular}{lccc} & Total Quantity & Actual Price & Total Cost \\ Material A & [tex]$1,600 \text{ kg}$[/tex] & TZS [tex]$4,300 /=$[/tex] per kg & TZS [tex]$6,880,000 /=$[/tex] \\ Material B & [tex]$2,400 \text{ kg}$[/tex] & TZS [tex]$3,100 /=$[/tex] per kg & TZS [tex]$7,440,000 /=$[/tex] \end{tabular}
Required: Calculate
a) Material Cost Variance (MCV) b) Material Price Variance (MPV) c) Material Quantity Variance (MQV)
[tex]\[ \text{Total Marks: 10} \][/tex]
Sagot :
Your presence in our community is highly appreciated. Keep sharing your insights and solutions. Together, we can build a rich and valuable knowledge resource for everyone. Thanks for visiting IDNLearn.com. We’re dedicated to providing clear answers, so visit us again for more helpful information.
