• 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

ACCA WEBINAR for AAA, APM and AFM Professional Skills 7 July, Noon (BST) Register now >>

New! BPP Books for ACCA September 2022 Exams are now available, get your discount code >>

SQSM

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › SQSM

  • This topic has 3 replies, 2 voices, and was last updated 8 months ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • October 21, 2021 at 4:16 pm #638725
    AshleyMarc1997
    • Topics: 48
    • Replies: 24
    • ☆☆

    Sir, I have a problem calculating Standard Quantity in Standard Mix (SQSM) in variances after watching your lecture

    SQSM:
    (Actual units x Std Kgs per unit)
    or
    (Individual Std Kgs per unit / Total Std Kgs per unit) x Total Std Kgs

    Is it also correct that SQSM is actually Standard cost which is calculated by taking Actual units to multiply by the Std Kg per unit. (true?)

    October 21, 2021 at 5:15 pm #638731
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49628
    • ☆☆☆☆☆

    I do not use formula when calculating variances. It is dangerous simply to learn formulae because the examiner designs questions that check your understanding rather than whether you have learned a formula.

    When calculating the mix variance we compare the actual mix with the standard mix for the actual total quantity, and cost both at the standard cost per kg..

    October 22, 2021 at 6:25 pm #638821
    AshleyMarc1997
    • Topics: 48
    • Replies: 24
    • ☆☆

    Sir, I am not looking for the formula but I have no problem with the actual qty with standard mix but I have a problem with standard qty with standard mix in material yield variance.

    Could you please tell me how to calculate standard qty with standard mix?

    This is what I understand please correct me whether it is correct or not?
    Standard mix is (Individual Kg / Total Std Kg) and standard qty is Total Actual units

    SQSM = Standard mix * Total Actual units

    October 23, 2021 at 10:11 am #638863
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 49628
    • ☆☆☆☆☆

    But I show how to do it in my free lectures on mix and yield variances.

  • 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

Donate

If you have benefited from OpenTuition please donate.

Specially for OpenTuition students

20% off BPP Books

Get BPP Discount Code

Latest comments

  • Geply on ACCA Taxation (TX-UK) Basis periods for capital allowances part 3
  • praveenmasih on Revaluation Reserve – ACCA Financial Accounting (FA) lectures
  • John Moffat on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures
  • seef on Irrecoverable Debts and Allowances Example 3 – ACCA Financial Accounting (FA) lectures
  • hiiradomar on MA Chapter 1 Questions Accounting for Management

Copyright © 2022 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in


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