Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Practice question on standard costing
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- November 20, 2014 at 9:19 am #211546AnonymousInactive
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Ques 15
Budget sales X – 7000 @$30 p.u
Budget sales Y – 3000 @$40 p.u
std cont. p.u – 30% of selling price for each productActual sales X – 8000
Actual sales Y – 7000What is the sales quantity variance?
i got $57,000(F) but the answer is $49,500(F). how is that?
November 20, 2014 at 2:59 pm #211626Firstly converting actual sale to budget mix proportion: (8000+7000)/(7+3)=1500.
X: 7*1500=10500; Y: 3*1500=4500.
secondly compare these with budget sale units:
X: (7000-10500)*9=31500 F; Y: (3000-4500)*12=18000 FNovember 20, 2014 at 5:41 pm #211688jingdong is correct (even though he should not have answered in this forum, because it is Ask the Tutor, and he is not the tutor 🙂 But no problem 🙂 )
November 21, 2014 at 10:07 am #211819AnonymousInactive- Topics: 2
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LOL. Thanks guys.
November 21, 2014 at 4:54 pm #211990I am so sorry about that , I still confuse about tutor forum and student forum, I am a new member a couple of days ago.
November 22, 2014 at 10:15 am #212122OK – no problem 🙂
November 22, 2014 at 1:00 pm #212179Sir, is there anything wrong with doing workings first on the answer sheet before solving the problem?
Thanks.
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