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Material mix q174 bpp

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Material mix q174 bpp

  • 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
  • July 30, 2021 at 9:03 pm #629885
    ythomas
    Participant
    • Topics: 15
    • Replies: 18
    • ☆

    Hi sir,

    Q174 bpp book, I worked this out by times the ratio by the total actual mix kg.
    My working was
    7500 x 10% = 750
    7500 x 20% = 1500
    7500 x 30% = 2250
    7500 x 40% = 3000
    Total 7500

    But I know this is the incorrect way to work out the material mix.What is the correct working for this question?

    July 31, 2021 at 9:58 am #629913
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51543
    • ☆☆☆☆☆

    I don’t know why you write that it is incorrect. It is correct as far as it goes, but you haven’t finished.

    To get the mix variance you need to compare the actual mix with the standard mix, both costed at the standard cost per Kg.

    Have you watched my free lectures on mix and yield variances? The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.

    July 31, 2021 at 7:46 pm #629960
    ythomas
    Participant
    • Topics: 15
    • Replies: 18
    • ☆

    Hi sir,

    I did finish the question but I was trying to work out the std mix… I have also watched the lectures videos however in this example ratios were given… it is incorrect because I didn’t use the materials mix equation…

    What would the equation be in this case for the standard mix?

    August 1, 2021 at 8:45 am #629992
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51543
    • ☆☆☆☆☆

    The standard mix is 10%, 20%, 30%, and 40% of the actual total of 7,500 kgs, as you wrote in your first post.

    There is no other equation relevant.

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