standard costing

Others 444 views 3 replies

pls solve this

a company is producing a std mix by using 60 kg of material x and 40 kg of material y . the std loss of production is 30% .the std price of x is 5 per kg and that of y at 10 per kg .the actual mixture and yield were as follows .

x 80kg @ 4.50 per kg       y70kg @ 8 per kg

actual yield 115 kg

pls calculate material cost variances

Replies (3)

                                STANDARD                                                 ACTUAL

                  QTY          RATE     AMOUNT                QTY         RATE          AMOUNT

    X             60               5              300                       80             4.5                360 

    Y             40              10             400                        70              8                  560

                                                   ---------------                                              ----------------------

                                                       700                                                               920

 

PLEASE CONSIDER REVISED ANSWER.....................

bro in tulsian the answer is 230 f yaar why u have nt treated std loss like if 100 is input then 70 is output so if 115 is output then input will be 164.28 (by unitary method) bt is se bi answer is nt comming right? pls also tell .. why u have nt considered std losS?? of 30%

YES YOU ARE RIGHT , I FORGOT CONSIDER STANDARD LOSS....................

SORRY , ACCORDINGLY ANSWER WILL BE AS FOLLOW :-

STD COMPARABLE

X     98.574     5         492.87

Y    65.716       10       657.16

      164.29                   1150.03

 

MAT COST VAR. = 1150.03 - 920

                              =   230 (F)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details