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Material Mix & Yield Variance-Practice Questions

The document provides practice questions on material mix and yield variances. It includes tables of budgeted and actual material quantities and costs for a product made from two materials. It also provides the budgeted and actual output for calculating the variances. Sample exam questions and answers are presented from past professional accounting exams.

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Amna Bi bi
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282 views6 pages

Material Mix & Yield Variance-Practice Questions

The document provides practice questions on material mix and yield variances. It includes tables of budgeted and actual material quantities and costs for a product made from two materials. It also provides the budgeted and actual output for calculating the variances. Sample exam questions and answers are presented from past professional accounting exams.

Uploaded by

Amna Bi bi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Material Mix & Yield Variance Practice Questions

Question No. 01 (CIMA)


A company produces a product that requires two materials, Material A and Material B.
Details of the material quantities and costs for August are given in the table below.

Material A Material B
Budget Actual Budget Actual
Quantity (kg) 24,000 23,000 36,000 38,000
Cost per kg $2.40 $2.30 $1.30 $1.38

Budgeted and actual output of the product for August was 12,000 units.

Required:
1. The material mix variance for August.
2. The material yield variance for August.

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Material Mix & Yield Variance Practice Questions
ICMA India Past Paper (December 2017)

ICMA India Past Paper (June 2015)

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Material Mix & Yield Variance Practice Questions
ICMAP Past Paper (November 2013)

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Material Mix & Yield Variance Practice Questions
CIMA Past Paper

ACCA Past Paper

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Material Mix & Yield Variance Practice Questions

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Material Mix & Yield Variance Practice Questions
CIMA Past Paper

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