MA35 - Direct Materials Price and Quantity Variances - Sample Problems
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- Опубліковано 10 лют 2025
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Module 9 examines variances. We learn to compute and interpret materials, labour, variable overhead and fixed overhead variances.
We also learn about Flexible Budgeting.
frankly saying you have been my accounting teacher this whole semester. thnx for making these videos.
I was struggling to understand this concept and with your help it just clicked. I appreciate it man!
For me the concept seems simple but when I put it into practice I keep messing up somehow
If I could give you flowers 💐 I would best teacher ever
So helpful honestly🔥❤️🥺🫶
For standard quantity, you are assuming the standard plan was to make 300 sausages? Why couldn't the standard plan been 350 sausages? It wasn't stated in the question.
sry, I can't understand why we calculate DM price variance with DM purchased, but calculate DM quantity variance with DM used?
I' ve seen the 3:30 again and I'm still confused
Sir, I have one question. Since, $750 is the total amt. Invested in beef, and $10 is the standard price per 1kg of beef. So, the the standard quantity that can be obtained is 75 kg which is the standard purchase quantiy. And also 2 kgs which are left over of the beef must be deducted from the standard purchase quantity to know the standard quantity used. Which is 73kgs.
In the question, Steve bought 80 KG of beef for $750 (actual quantity purchased & actual price incurred). $10/KG of beef is the Standard price. So, if you have ACTUALLY bought 80 KG of beef and still have 2 KGs of beef remaining, you ACTUALLY used 78 KGs of beef
How do you know the $20 is favorable? 5:54
Just the total - 50F-30U = 20F (some profs may debate the merits of doing an overall variance here, but I think it's fine!)
its just 50f-30u=20f