SET : 3
1.
What are different types of material variances
and how is material mix variance calculated.
2.
The standard cost of a chemical mixture is
a.
40% material A at 20.00 per kg
b.
60% material B at 30.00 per kg
A standard loss of 10% is expected
in production. The actual are
c.
90 kg of material A at a cost of 18.00 per kg
d.
110 kg of material B at a cost of Rs. 34.00 per
kg.
e.
The weight produced is 182 kg of good product.
f.
Calculate material cost variance; material price
variance and material mix variance.
3.
Write a detailed note on total overhead cost
variances and its sub categories of variances.
4.
From the following standard and actual data of
product A you are required to calculate: overhead cost variance; overhead
budget variance; overhead efficiency variance; overhead calendar variance;
overhead capacity variance and overhead volume variance
|
Standard data
|
Actual production data
|
|
Standard hours for the period 2400
|
Hours worked 2500
|
|
Standard days 25
|
Actual days worked 27
|
|
Standard fixed overhead 1200.00
|
Actual fixed overheads 1300.00
|
|
Standard production 1500
|
Actual production 1600
|
5.
Write an essay on variance analysis
6.
With the help of following data calculate
a.
Labour cost variance
b.
Labour rate variance
c.
Labour efficiency variance
i.
Standard hours: 40 @3.00 per hour
ii.
Actual hours: 50 @4.00 per hour.
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