Question 1 Pasco (Pty) Ltd manufactures a tooth paste for treating tooth ache, trade-named 'fluoride rich paste', using three ingredients: calcium carbonate, calcium phosphate and Silica. The standard material usage and cost of 100ml of fluoride rich paste are as follows. Calcium carbonate Calcium phosphate Silica 5Lts at M6 per Lt 4Lts at M10 per Lt 3Lts at M5 per Lt M 30 40 15 85 72 In a particular period, 34 units of fluoride rich paste' were produced from 120mls of calcium carbonate, 150mls of calcium phosphate and 126mls of Silica. Required: Calculate a) mix, and b) Yield variances. c) Explain One way by which variance analysis may help a business (4marks) (4marks) (2marks)

Preparing a Standard Cost Card -Redwing   EXO-7 Industries manufactures a Redwing reconnaissance drone.  The following information pertains to its manufacturing costs.   To make one redwing unit it takes 2 pounds of titanium and 0.5 pounds of carbon fiber.  The company expects 0.01 pounds of waste for titanium and 0.02 waste for the carbon fiber materials.  Titanium costs are anticipated at $10.25 per pound and carbon fiber costs are anticipated at $5.25 per pound.  A 1% discount is offered to EXO-7 Industries from its suppliers.      The redwing unit requires two labor processes to complete it -assembly and programming.  Assembly laborers are paid $17 per hour and programming laborers are paid $27 per hour.  Fringe benefits and payroll taxes for assembly and programming laborers amount to $1.75 and $5.25 per hour, respectively.  Based on the company’s experience and research, it expects to use 5.0 hours of assembly and 10 hours of programming.    The company uses direct labor hours as…

BLOCK E/2018/2  Rimz AG is a  luxury car wheel manufacturer, which in   a two-stage production process first creates  the  part on which the tires are mounted   (unfinished  This part is then decorated with very expensive and glittering precious metals on the visible side in order to process them into finished products. The production costs for the finished products amount to  € 12,000 per rim  and  consist of 20% work-in-progress, 70% raw materials and 10% personnel expenses. Rimz AG applies the total cost method in t1  . The commodity account, the work-in-progress account and the finished goods account are managed using the contraction method. Salary payments are to be posted from the bank account without ancillary wage costs.  Create the  posting records for the following business transactions: 10 finished rims are produced using raw materials already available from the previous periode0 .  Rimz AG sells four rims in t1 to its best customer Mr. Obomoyang for 25,000 € net per  piece…

2.The company "Chanos Ltd" produces puzzles for adults within the framework of a standardized mass production. The production process uses 2 basic raw materials: cardboard and high quality ink. For the manufacture of a puzzle, half a square meter of cardboard and 0.1 kg of ink are required. The cardboard is inserted at the beginning of the production process and the ink is added at the end by printing the design on the now perforated puzzle. The company uses the cost flow assumption F.I.F.O. to value its inventories. Here are some data for the month of August 20X6: The initial stock of semi-finished on 1/8/20X6 was 2,000 puzzles processed at 20% in terms of conversion costs. The cost of the initial stock amounted to €28,000 in terms of cardboard costs and €35,000 in terms of conversion costs. The conversion cost for the month amounted to € 20,300. The final stock of semi-finished on 31/8/20X6 was 3,000 puzzles processed at 40% in terms of conversion costs. Data are also given…