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if there is idle time involved in production, it won’t affect the team composition variance. But it will affect the team productivity variance. So how do we find out the standard labour hours for actual production in case of idle time?
I believe to answer this ,the logic is same like for material yield variances involving losses.
ACCA is very notorious for testing concepts in new scenarios. So I believe there is fair chance for this being asked.
You are correct that the approach is exactly the same as for material yield variances when there is a standard loss.
Hey can you clarify me on why standard loss doesn’t affect MATERIAL mix VARIANCES? As far I have understood’ the material mix variances assess the financial impact of actual mix differing from standard mix for the actual production.
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