standard costing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2010
when do we exactly calculate Revised Standard quantity?
i have been told where the total of standard mix & actual mix is different then we calculate RSQ...what does standard & actual mix means?is it related to % of the inputs used in making output or is it the units of inputs used in making output?and is it correct to say that the difference between the two may be because of normal loss?
i have been told where the total of standard mix & actual mix is different then we calculate RSQ...what does standard & actual mix means?is it related to % of the inputs used in making output or is it the units of inputs used in making output?and is it correct to say that the difference between the two may be because of normal loss?
05 July 2010
Standard mix is the pre fixed like budget, a standard process will consum that particular percentage of materials
Actual mix means, actually consumed materials for that particular process
we cannot conclude because of normal loss only the standard mix and actual mix will differ the following reasons also
1. Low quality materials
2. In effective usage of material by labours
3. Wrongly calculated standard mix which is actually less or high
Actual mix means, actually consumed materials for that particular process
we cannot conclude because of normal loss only the standard mix and actual mix will differ the following reasons also
1. Low quality materials
2. In effective usage of material by labours
3. Wrongly calculated standard mix which is actually less or high
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Taxation on LTCG for property sold after 24JUL2024
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- TDS related Query_Liquidated Damages
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- REGARDING GST LIABILITY/....
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
