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CIMAPRO19-P01-1 Exam - Topic 1 Question 54 Discussion

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:
C) $1,740 A
A) $1,340 A
B) $1,590 A
D) $1,340 F
E) $1,840 A

CIMAPRO19-P01-1 Exam - Topic 1 Question 54 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 54
Topic #: 1
[All CIMAPRO19-P01-1 Questions]

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:

Show Suggested Answer Hide Answer
Suggested Answer: C

References:


by Lai at Jun 25, 2022, 10:41 AM

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Chauncey
10 months ago
Totally agree with you, Fidelia!
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Annmarie
10 months ago
Wait, how can the variance be favorable and still be $1,340?
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Francine
10 months ago
Definitely $1,740 A, no doubt about it!
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Fidelia
11 months ago
I think the material yield variance is $1,590 A.
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Alton
11 months ago
The budgeted output was 12,000 units.
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Kathryn
11 months ago
I’m a bit confused about whether to consider both materials together or separately for the yield variance. I hope I remember the right approach!
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Hector
11 months ago
This question seems similar to one we did in class about material costs. I feel like the answer might be $1,590 A, but I need to double-check my calculations.
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Glen
11 months ago
I think the yield variance is based on the difference between actual and expected output, but I can't recall the exact formula we used.
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Elliot
11 months ago
I remember we practiced calculating material yield variances, but I'm not entirely sure how to apply it to this specific question.
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Novella
11 months ago
I feel pretty confident about this one. The GDPR is clear that any cookie that can identify an individual requires their explicit consent. So A is the right answer here.
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Lenora
11 months ago
This seems like a tricky one. I'll need to carefully weigh the options and consider the impact on the team and the customers.
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