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ACCA F5 September December Hybrid 2015 Exam Section B Question 3
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Hey John, for material yield variance. I came up with a formula as a result of my understanding in F2,
Mat. Yield Variance = AUP – (AQ/kg per unit) X SC per unit
= 950 – ( 570.5/0.610 kg per unit ) X $1.34
= $19.77F
Would this be valid?
Yes – the examiner shows this as an alternative approach in her answer to the question.
Hi John , thanks for the great lecture. I have a doubt though. I know if there is a question for Total material usage i can add mix and yield. But i cant get the same answer when i do usage on it own.
Usage is : (Actual Usage – Standard usage for act prod ) * Std cost.
Actual usage * std cost ={ 408.5 * 1.8 } +{ 152 *2.2}+{10 *20} = 1269.70
Std usage for actual production = { 0.61kg * 950 units } * (1.8+2.2+20) = 13908
I am making some mistake in second step and i cant understand what. Please Help
Hello John , please do reply when you get a minute. Thank you
The are 1,000 grams in a kilogram. Therefore 610 grams = 0.61 kg.
Why and from where we used 0.610 not 610 grams in calculating yeild variance ??
610 grams is converted into kilograms by dividing the grams by 1000. Haven’t you learnt the conversion of these units in school?
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