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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.
Budgeted and actual output of the product for August was 12,000 units.
The material yield variance for August is:
Suggested Answer: C
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25 comments · newest first
LI
Ligia
11 months ago
I thought it was $1,340 F based on the costs.
TA
Tayna
11 months ago
Totally agree with Sarah, $1,590 A makes sense!
LE
Lettie
11 months ago
Wait, how can it be $1,740 A? That seems off.
CR
Cristal
12 months ago
I think the material yield variance is $1,590 A.
DE
Denise
12 months ago
The budgeted output was 12,000 units.
LU
Lura
12 months ago
I’m really uncertain about whether to consider the actual quantities or the budgeted ones for this variance.
MI
Minna
1 year ago
I feel like the answer might be $1,590 A, but I need to double-check my calculations.
MO
Mozelle
1 year ago
I think the yield variance is calculated by comparing the actual output to the expected output, but I'm not sure how to apply it here with the costs.
KI
King
1 year ago
I remember we practiced a similar question on material yield variance, but I can't quite recall the exact formula we used.
FA
Fairy
1 year ago
This seems straightforward enough. I'll start by calculating the standard and actual material quantities, then find the difference to get the material yield variance. Shouldn't be too hard.
SH
Shenika
1 year ago
I'm a bit confused by the format of the question. Can someone explain how to approach this type of problem? I want to make sure I understand it before trying to solve it.
VA
Vallie
1 year ago
I've got this! The key is to use the given information about budgeted and actual output to calculate the material yield variance. I'm confident I can solve this.
CA
Carey
1 year ago
Hmm, this looks tricky. I'm not sure where to start, but I'll read through the question carefully and try to break it down.
TE
Tegan
1 year ago
Okay, let's think this through step-by-step. I'll need to calculate the standard and actual material quantities, then find the variance.
HA
Hailey
2 years ago
I calculated it too, and $1,340 A seems to be the correct answer based on the information provided.
WH
Whitley
2 years ago
I agree with you. Material A and Material B costs were both favorable, so it makes sense.
YU
Yuette
2 years ago
Hmm, this is a real Material world we live in, isn't it? I'm going to have to go with C. $1,740 A. Seems like the company is really putting the 'cost' in 'cost accounting' this month.
NI
Nina
2 years ago
Yeah, the company needs to keep a close eye on those costs to stay profitable.
AN
Annamaria
2 years ago
I think C as well, $1,740 A seems like a reasonable variance.
QU
Quinn
2 years ago
Definitely, it's a crucial part of production.
MA
Matthew
2 years ago
I agree, it's all about managing those material costs.
JA
Javier
2 years ago
Chip
CO
Coral
2 years ago
I agree, the material yield variance for August is $1,340 A.
CO
Coral
2 years ago
I think the answer is A) $1,340 A.
MA
Margarett
2 years ago
I think the material yield variance for August is $1,340 A.