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Standard and actual material costs

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Standard and actual material costs

  • This topic has 4 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • February 2, 2018 at 4:38 pm #434714
    nadiranks
    Member
    • Topics: 25
    • Replies: 59
    • ☆☆

    Hi tutor this question is confusing to me. Need to find out how to calculate the standard mix in kgs. The question is from BPP revision kit pg 47 Question 165

    Material std cost per kg actual cost per kg std mix actual mix kgs
    P 3.00 3.50 10% 820

    the answer at the back says material std mix in kgs is 750
    I am unclear as to how to arrive to this answer. I’ve tried diff ways but i must be doing it wrong.

    thanks lots tutor

    February 2, 2018 at 5:06 pm #434715
    nadiranks
    Member
    • Topics: 25
    • Replies: 59
    • ☆☆

    i think i have it now..10% of total material in actual mix of all materials..there was actual more to the question but didnt state them so couldnt have worked it out without all the information..but i still dont understand why they calculated it using the total of all the material figures and not on a per line basis

    February 2, 2018 at 5:27 pm #434734
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    But have you watched my free lectures on mix and yield variances?

    The lectures are a complete free course for Paper F5 and cover everything needed to be able to pass the exam well.

    February 2, 2018 at 7:42 pm #434743
    nadiranks
    Member
    • Topics: 25
    • Replies: 59
    • ☆☆

    yes i think i must have not understood them fully when i thought i did probably need to go over it again…i must have gotten lost along the way..i will go over them again and try to understand it…it could be the way it is stated in that question its confusing me. Thanks for your reply.

    February 3, 2018 at 7:30 am #434839
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54696
    • ☆☆☆☆☆

    You are welcome, but do ask again if you are still not clear after watching the lecture again.

  • Author
    Posts
Viewing 5 posts - 1 through 5 (of 5 total)
  • The topic ‘Standard and actual material costs’ is closed to new replies.

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