• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Congratulations to Jamil from Pakistan and Jeeva from Malaysia - Global Prize winners!
see all ACCA December 2022 Genius Hunt Competition winners >>

Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>

Material and Sales variances

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Material and Sales variances

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 10, 2021 at 1:30 pm #640361
    AshleyMarc1997
    Member
    • Topics: 48
    • Replies: 24
    • ☆☆

    Material Mix is calculated as the difference between the actual total material kgs used in the standard mix and the actual total material kgs used in the actual mix valued at standard cost.

    Material Yield is calculated as the difference between the actual total material output produced in the standard mix and the actual total material output used in the actual mix valued at standard cost.

    Sales Mix is calculated as the difference between the actual total sales units sold in the standard mix and the actual total material sold in the actual mix valued at standard profit.

    Sales Quantity is calculated as the difference between the actual total sales units produced in the standard mix and the actual total sales units produced in the actual mix valued at standard profit.

    November 10, 2021 at 4:53 pm #640378
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51576
    • ☆☆☆☆☆

    I assume that you are asking me to comment on what you have written?

    It is correct except for the material yield variance. It is comparing the actual output with the standard output, both using the standard mix.

    Do watch my free lectures on this.

    November 10, 2021 at 6:21 pm #640385
    AshleyMarc1997
    Member
    • Topics: 48
    • Replies: 24
    • ☆☆

    Material Yield is calculated as the difference between the total actual output produced in standard mix with the total standard output produced in standard mix valued at standard cost.

    Is it correct now?

    Thanks for your support 🙂

    November 11, 2021 at 7:30 am #640403
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51576
    • ☆☆☆☆☆

    Yes, it is correct now 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

ACCA News:

 

ACCA My Exam Performance for non-variant Applied Skills exams is available NOW

NEW! Download the ACCA Pass Guide

FREE Verifiable CPD for ACCA Members

ACCA mock exams and debrief videos

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

Donate

If you have benefited from OpenTuition please donate.

ACCA CBE 2023 Exams

Instant Poll * How was your exam, and what was the result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • Iby2012 on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • baraka42 on PM Chapter 13 Questions Standard Costing and Basic Variance Analysis
  • baraka42 on PM Chapter 13 Questions Standard Costing and Basic Variance Analysis

Copyright © 2023 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


We use cookies to show you relevant advertising, find out more: Privacy Policy · Cookie Policy