What is the materials mix variance? NUBD Co. uses two materials in the production of its product. The materials, X andY, have the following standards:Standard Unit PriceP1.00 per unit3.00 per unitMaterialStandard Mix3,500 units1,500 unitsStandard CostP3,500P4,500Yield4,000 unitsDuring April, the following actual production information was provided:MaterialActual Mix30,000 units20,000 unitsYield36,000 units

Material Mix Variance is showing the difference in raw material cost dues to changes in the…

NUBD Co. uses two materials in the production of its product. The materials, X and Y, have the following standards: Material X. Standard Mix 3,500 units 1,500 units Standard Unit Price P1.00 per unit 3.00 per unit Standard Cost P3,500 P4,500 Yield 4,000 units During April, the following actual production information was provided: Material X. Actual Mix 30,000 units 20,000 units Yield 36,000 units

NUBD Co. uses two materials in the production of its product. The materials, X and Y, have the following standards: Material X. Standard Mix 3,500 units 1,500 units Standard Unit Price P1.00 per unit 3.00 per unit Standard Cost P3,500 P4,500 Yield 4,000 units During April, the following actual production information was provided: Material X. Actual Mix 30,000 units 20,000 units Yield 36,000 units

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.

Question

What is the materials mix variance?

NUBD Co. uses two materials in the production of its product. The materials, X and
Y, have the following standards:
Standard Unit Price
P1.00 per unit
3.00 per unit
Material
Standard Mix
3,500 units
1,500 units
Standard Cost
P3,500
P4,500
Yield
4,000 units
During April, the following actual production information was provided:
Material
Actual Mix
30,000 units
20,000 units
Yield
36,000 units

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