MA35 - Direct Materials Price and Quantity Variances - Sample Problems

Go to: www.accountingw... to download the problems.
Module 9 examines variances. We learn to compute and interpret materials, labour, variable overhead and fixed overhead variances.
We also learn about Flexible Budgeting.

[@jessikapal8105]

frankly saying you have been my accounting teacher this whole semester. thnx for making these videos.

[@thresialapita]

If I could give you flowers 💐 I would best teacher ever

[@NabnitKDeo]

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.

[@livewireredb.9953]

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.

[@thresialapita]

So helpful honestly🔥❤️🥺🫶

[@nutellawhippedcream]

How do you know the $20 is favorable? 5:54

[@Tony-Bell]

Just the total - 50F-30U = 20F (some profs may debate the merits of doing an overall variance here, but I think it's fine!)

[@jessikapal8105]

its just 50f-30u=20f