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Hid CHAPTER 17.doc Applied Econometrics using MATLAB, Management and Cost Accounting, case study 301.docxDocument Outline - CHAPTER FIVE
- MEASURING YIELD, MIX AND QUANTITY EFFECTS
- INPUT VARIANCES
- DIRECT MATERIALS YIELD AND MIX VARIANCES
- Direct Materials Efficiency and Price Variances
- 0.80 (50% of 1.6) tone of Golden Delicious at $70 per tone $56.00
- 0.32 (20% of 1.6) tone of Jonagold at $90 per tone 28.80
- 9250 tones of Golden Delicious at actual cost of $70 per tone $227 500
- 975 tones of Jonagold at actual cost of per tone 93600
- 6500 tones of apples 507 650
- Standard cost of 4000 tones of cider at €123.20 per tone 492800
- (1) (2) (3)
- Total direct materials yield variance
- Exhibit 17.2 total direct materials yield and mix variances for Aliya Ltd for June 2002
- Flexible budget
- (Budgeted total quantity
- Total direct materials mix variance
- Direct materials mix Actual Budgeted Actual total Budgeted
- input mix - input mix direct materials direct materials
- Golden Delicious (0.50 - 0.50) xxx x = $0
- Jonagold (0.15 - 0.20) xxx x $90 29250 F
- Grade 3 labour (5900 — 6000) xxx x $24 = $1200F
- Grade 1 labour (5900— 6000) xxx x $12 = 180F
- Grade 1 labour (0.15 —0.15) xx Ox 5900 x $12 = 0
- Revenue and sales variances
- First class $3200 1000 5% $3200000 $2600 2400 10% $6240000
- Economy class 900 16000 80% 14400000 700 15600 65% 10920000
- Total 20000 100% $24800000 24000 100% $26760000
- Static-budget variance
- Flexible-budget and sales-volume variances
- Sales-quantity variance
- Sales-mix variance
- Market-size and market-share variances
- Market-size Actual Budgeted Budgeted Budgeted average
- Market-share Actual Actual Budgeted Budgeted average
- Summary
- Assessment material
- EXERCISES
- Intermediate level
- Chemical Actual quantity Budgeted quantity Budgeted price
- __[___________________________________________________________
- REQUIRED
- The manager of the Lions was delighted that actual attendance was 10%
- REQUIRED
- 1. Calculate the sales-volume variance for individual product net revenues
- Advanced Level
- 6. Direct materials price and efficiency variances, direct materials yield and mix variances, food processing. (50 minutes)
- 7. Direct materials efficiency variance, mix and yield variances working backward. (30—40 minutes)
- 75% of the input materials is Alpha at $400 per tonne $360
- Total standard cost of 1.2 tonnes of inputs $420
- REQUIRED
- 3 Calculate the individual and total direct materials efficiency variances for
- REQUIRED
- 2 Calculate the individual product and total sales-mix variances for June
- PART III
- Case study problems
- The Blank Division
- Question
- Question
- Fiddler Ltd
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