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mix and yield variance kaplan

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › mix and yield variance kaplan

  • This topic has 1 reply, 2 voices, and was last updated 11 months ago by John Moffat.
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  • February 19, 2022 at 10:51 pm #648918
    akmalraza37
    Member
    • Topics: 1
    • Replies: 4
    • ☆

    Q) A business advisor had planned to use 3 hours of labour on 700 client services in june.Labour is paid $40 per hour
    In june there were actually 900 services provided. total labour hrs were 3240 and the actual lbr hr was $42 per hr
    the advisor has since discovered that due to a change in legislation that meant extra client responsibilities the budget should have provided for 3.5 hrs of lbr per service.

    what is planning labour efficiency variance for june?
    Ans is $18000

    discrepancy is why are we multiplying 3 by 900 for standard hrs (which is actual services not standard services set)

    my answer is $14000 by $40 x (2450 – 2100)

    February 20, 2022 at 9:37 am #648958
    John Moffat
    Keymaster
    • Topics: 56
    • Replies: 51576
    • ☆☆☆☆☆

    This is not mix and yield 🙂

    For cost variances we always compare the actual costs with the standard cost of the actual production (which in this case is the number of actual services, rather than units). We do not compare with the original budget production (or in this case services).

    Do watch my free lectures on variances. The lectures are a complete free course for Paper PM and cover everything needed to be able to pass the exam well.

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