Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. belchely product is made by mixing and processing

BelChely product is made by mixing and processing two chemicals, belly and chilly. The standard...

80.2K

Verified Solution

Question

Accounting

BelChely product is made by mixing and processing two chemicals, belly and chilly. The standard cost data are as follows: - 

                                     Chemical Standard proportions            Standard cost Sh. 

Per unit Belly                          60%                                                              500 

Chelly                                        40%                                                               750 

A standard process loss of 20% is anticipated; During a given week the output of this product was 4,250 units and the inputs were as follows: -

                                           Chemical Actual consumption              Actual price                      Actual cost 

Belly                                              3,250                                                      120                                  390,000 

Chelly                                             1,750                                                      140                                  245,000 


Required 

Calculate the following variances; 

(i) Material price variance 

(ii) Material mix variance 

(iii) Material yield variance


Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students