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.
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.
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.
