Chapter five measuring yield, mix and quantity effects learning Objectives



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Document 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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