STD. COST-calculate budgeted output and actual output ?
This query is : Resolved
CA Abhishek Singh
(Querist)
24 June 2011
the following information is available for a week.
400 kg of raw materials were actually used in producing product 'exe'. The purchase cost thereof being Rs.24800. The standard price per kg of raw materials is Rs.60. The expected output is 12 units of product 'exe' from each kg of raw material. Raw material price variance and usage variance as computed by cost accountant are Rs.800(adverse) & 600(adverse) respectively.
calculate & explain with logic budgeted output & actual output ??
Thanks in advance
waiting for your reply.
400 kg of raw materials were actually used in producing product 'exe'. The purchase cost thereof being Rs.24800. The standard price per kg of raw materials is Rs.60. The expected output is 12 units of product 'exe' from each kg of raw material. Raw material price variance and usage variance as computed by cost accountant are Rs.800(adverse) & 600(adverse) respectively.
calculate & explain with logic budgeted output & actual output ??
Thanks in advance
waiting for your reply.
CMA Ramesh Krishnan
(Expert)
26 June 2011
please provide your mail id
since the solutions is with typical calculations and formulas i will mail you
since the solutions is with typical calculations and formulas i will mail you
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