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Shatha AlGh says
November 12, 2015 at 8:25 am
As I have been exempted from earlier papers, am not very familiar with the basic variances
my Q is will i need to know them as well for the exam?
or is learning and understanding ( Mix &Yield , Planning & Operating and Advanced Idle time) is enough to go through ?
John Moffat says
November 12, 2015 at 10:05 am
The examiner has said that she will not ask questions just on basic variances.
However, one or two of the basic variances (any one or two!) can be asked as part of a question.
More importantly, to understand the advanced variances it is really necessary to understand the basic variances (because they expand on the basic variances). To an extent you can just learn the rules, but since 50% of the exam is discussion, it is important to understand them as well.
I think you should go through the basic variances first, but don’t worry too much about learning them.
October 14, 2015 at 10:12 am
Sir, can we use this approach for material usage variance??
material actual usage standard usage
x 9,900kg (5,000u x 2kg) 10,000kg = 100kg
y 5,300kg (5,000u x 1kg) 5,000kg = 300kg
total usage : 400kg x $8
If yes, could you check where did I go wrong in my calculation when finding the material usage variance?
October 14, 2015 at 10:39 am
The total usage is 200kg too much – not 400kg.
The standard cost is $8 per unit, not per kg..
October 14, 2015 at 11:02 am
how did you get 200kg?
October 14, 2015 at 11:42 am
300 too much of y and 100 too little of x
October 14, 2015 at 2:04 pm
I got the whole picture now. Thanks, Sir
October 14, 2015 at 8:04 pm
You are welcome
October 15, 2015 at 6:12 pm
The answer script for this chapter test, question 4… is B 48,500 (F) or 49,500 (F)?
October 16, 2015 at 9:09 am
Sorry it is a typing error. It is 49500 favourable.
Thank you for spotting it – I till have it corrected.
September 29, 2015 at 4:17 pm
Sir, you are a Godsend. Thank you very much for your unconditional dedication to help students face the behemoth known as F5.
November 28, 2014 at 3:53 pm
Hi, in revision Mock:
A company has budgeted on selling 7000 units of X $30 s.p and 3000 units of Y $40 s.p. Standard contribution 30% of selling price for both product.
They actually sale 8000X and 7000Y
What is the sales mix variance?
Right answer in your test is 7500 (F)
10500 X and 4500 Y
2500 (A)X and 2500 (F)Y
Total 17500 (F)
Am I wrong?
Thanks in advance
November 28, 2014 at 5:34 pm
Yes you are wrong!
You should cost out at standard contribution. Standard contribution for X is 30‰ of 30 (not 30 – 30%)!
July 31, 2015 at 12:06 pm
For sale Mix varince thers is budgted sales: A 200 B 100 C 100 and standard mix not given but in solution its A 2/4 B 1/4 and C 1/ 4 how this standard mix com please tell me
July 31, 2015 at 12:17 pm
The total budget sales are 400.
A is 200, which is 200/400 (i.e. 2/4) for the total.
Same idea for B and C
July 31, 2015 at 6:54 pm
August 2, 2015 at 3:03 pm
$0.02 per gram means 1 gram value is $0.02 then
So it should b $0.02 x 0.001 but why it $0.02 x 1000 when transfer to kg
November 14, 2014 at 12:42 pm
a company has the following standards for a mix to produce 500kg of product C
A= 200KG @ $1 PER KG=$200
B=400KG@ $1.60 PER KG=$640
actual results with output of product C was 600kgs.
A=400KG @ $1 PER KG=$400
B=500KG@ $1.60 PER KG=$800
Calculate the yeild variance
SIR IM CONFUSED!! cld u plz tel me how to calculate ds
November 14, 2014 at 1:16 pm
In future, please ask this sort of question in the F5 Ask the ACCA Tutor Forum
The standard is to input a total of 600kg to get an output of 500kg.
So for an actual output of 600kg there should have been a total input of 600 x 600/500 = 720kg,
So cost out the actual total input (900kg) at standard mix and standard cost, with the standard total input (720kg) at standard mix and standard cost. The difference is the yield variance.
November 14, 2014 at 2:27 pm
eeeeeee thankyu sir! sorry was a bit too excited so posted it here! haha
May 26, 2014 at 3:46 pm
I believe that someone asked this question but I did not see an answer. Which lecture covers sales mix variance?
May 26, 2014 at 5:25 pm
There is no lecture on sales mix variances (but there is an example in the course notes with an answer at the back).
November 5, 2014 at 5:30 pm
I have reviewed the question on sales mix variance, however I have one question, how were the proportions assigned to A(2/4) , B(1/4) and C(1/4) in Example 4?
Please clarify. Thank you
November 5, 2014 at 5:55 pm
In the same mix as the budgeted sales.
Product A was budgeted at 200 units out of a total of 400 units, and similarly for the others.
January 11, 2014 at 12:23 am
question no 4 in mix variance, is it correct if i get the below answers?
sales margin variance= 2180(f)
sales mix variance=575(f)
sales quantity variance=2375(f)
January 11, 2014 at 3:26 am
If you mean example 4 in the chapter, then the correct answer is that shown in the lecture (and also typed at the back of the Course Notes)
November 28, 2014 at 11:24 pm
Hello sir, kindly assist me with labour idle time variance formula? thanks.
November 17, 2013 at 6:39 pm
very well explained
thank you so much………………..
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