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Hi Everyone!
I know its very late to ask this question but could any one please solve specimen exam q5 for me please?
especially by using this formula
For Planning Variance For Operational Variance
SH x SR RSH x RSR
RSH x SR AH x RSR
RSH x RSR AH x AR
Thanks alot! Please reply ASAP, as tomorrow is exam 🙁
Hey.
Does anyone know how to solve this?
A company is intending to produce a new product.
They have made two “test” units- the first of them took 8 hours to make and the second took 6 hours.
What is the learning rate?Thanks.
Std rate = 12$ because it takes 0.5 hours for each batch thus for 1 hour its 6+6= 12$ and revised rate is 12$-5%(cut) and multiply it with actual hours worked in other words planning variance 12- 11.4 X 12000
Operational is 11.4 – 11.4(136800/12000) X 12000 = 0
Well that’s my way of solving if the values are clear so you can put them in your formulas and solve
=]Hi Fahad,
Thank you so much, that’s so helpful. please see this, planning rate variance should be 7200SH x SR = 20,500 x 0.5 x 12 = 123000
Planning Efficiency Variance: 24,600 (A)
RSH x SR = 20,500 x 0.6 x 12 = 147600
Planning Rate VAriance: 7380 (F)
RSH x RSR = 20,500 x 0.6 x 11.4 = 140220
Help!
Y plc produces widgets.
Each widget should take 0.5 hours to make.The standard rate of pay is $10 per hour. Idle time is expected to be 5% of hours paid.They actually produce 10800 units. They pay $50000 for 6000 hours, of which 330 hours are idle.
What is the excess idle time variance?
Sorry to bother, but anyone?
To produce 19 litres of product X, a standard input mix of 8 litres of chemical A and 12 litres of chemical B is required.
Chemical A has a standard cost of $20 per litre and chemical B has a standard cost of $25 per litre.
During September, the actual results showed that 1,850 litres of product X were produced, using a total input of
900 litres of chemical A and 1,100 litres of chemical B (2,000 litres in total).
The actual costs of chemicals A and B were at the standard cost of $20 and $25 per litre respectively.
It was expected that an actual input of 2,000 litres would yield an output of 1,900 litres (95%). The actual yield for
September was only 1,850 litres, which was 50 litres less than expected.
For the total materials mix variance and total materials yield variance, was there a favourable or adverse result
in September?
A The total mix variance was adverse and the total yield variance was favourable
B The total mix variance was favourable and the total yield variance was adverse
C Both variances were adverse
D Both variances were favourableI cant calculate the yield variance.
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