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Can u please explain the same question bit more not just answer like how to solve it
I still don’t understand that question u solved above for usage variance we multiply actual quantity with standard price and subtract that with standard quantity multiply by standard price we get usage variance in this question the variance was 300 adverse
So actual quantity is 500 standard price is 2 per kg =1000
Standard quanty is not given but per unit usage 3 and price 3 =6 is given 300 is adverse so 1000 -300 = 700 divide by 6 we get standard quantity =116.67
AQ* SP
500*2 =1000
SQ *SP
X *3*2=700
———-
300 ad
700
——-= 116.667
6
I m putting values in the formula but it’s taking me nowhere can u please help meSir I had this another question
Q) actual sales 200000
Sales price variance 400 adv
Sales volume variance 200 fav
Fixed OH expenditure 100 adv
Budgeted production OH 60000
Actual sales would have been ?
~The question is not exactly the same cuz I don’t remember it word by word but it was something like this actual sales with three variances one fav two adv and budgeted OH and were asking for budgeted salesThank u so much sirr
And sir I asked the AI if low cost is a feature of good information and the AI said yes information should be cost efficient (low cost)Sir someone told me owip those percentage completed units that topic is excluded
Then I had this another question
• which of the following is true about information
° accurate
°timely
°complete
° low cost
~ what if the information we are getting is of high cost but the advantage is even higherI had this one question in the exam
Q) which of the following is a cost reduction suggestions
• outsourcing the aircraft seating
• buying effective machinery
What is the answer ?
??They gave no further information about that outsourcing maybe our internal manufacturing can make it more cheaper and buying the effective machinery will increase cost initially then will reduce it in the long term so what is the right answer