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

March 2026 ACCA Exams

Comments & Instant poll

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for June 2026 exams.
Get your discount code >>

variances… another question

Forums › ACCA Forums › ACCA MA Management Accounting Forums › variances… another question

  • This topic has 0 replies, 1 voice, and was last updated 11 years ago by mansoor.
Viewing 1 post (of 1 total)
  • Author
    Posts
  • September 8, 2014 at 2:39 pm #194314
    mansoor
    Participant
    • Topics: 423
    • Replies: 541
    • ☆☆☆☆

    the following is a worked example in the text and i dont get it at all
    ——————————————————————–
    – purchases of materials are recorded at std cost
    – direct material costs and direct labor are variable
    – POH are fixed and absorbed using direct labor hours.

    Actual and budgeted data for last month is as follows:

    – budgeted direct materials/unit is 2 kg at$5/kg
    – direct labor 0.5 hours/unit
    – budgeted prod 10,000
    – 22,500 kg of materials were purchased
    – total standard cost of materials was 115,000
    – 6000 direct labor hours were worked at $6/hr
    – budgeted fixed POH were 240,000
    – actual fixed POH were 260,000

    – material price variance 11,250 A
    – labor efficiency var 1750 A
    —————————————————————

    the above is verbaturm

    question: how many widgets were produced?

    this was the first part (1/10) and i cd not get it. It simply says 11,500 were produced.

    i am doing:

    u purchased 22,500 kgs, which means u used an extra 2500 kg in production.

    that means 25000/2 – 1250 extra units were produced, making a total of 11,250.

    where am i going wrong?

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

Primary Sidebar

Kaplan ACCA Free Trial

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

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

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

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

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • LiliaDvornikova on Statement of cash flows – Example 1 (revision) – ACCA Financial Reporting (FR)
  • BurtBikkie on Professional Ethics – ACCA Audit and Assurance (AA)
  • Lameesmazrooe on ACCA BT Chapter 4 – Organisational culture – Questions
  • John Moffat on Introduction to Financial Accounting – ACCA Financial Accounting (FA) lectures
  • Abdinur on FA Chapter 22 Questions Group Accounts The Consolidated Statement of Financial Position (1)

Copyright © 2026 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in