Figure 18-4
Regis Ltd During April, the Following Actual Production Information Was Provided

question 4

Multiple Choice

Figure 18-4
Regis Ltd. uses two materials in the production of its product. The materials, X and Y, have the following standards: $\begin{array}{cccc}\text { Material } & \text { Standard Mix } & \text { Standard Unit Price } & \text { Standard Cost } \\\mathrm{X} & 3,500 \text { units } & £ 1.00 \text { per unit } & £ 3,500 \\\mathrm{Y} & 1,500 \text { units } & 3.00 \text { per unit } & £ 4,500\\\text { Yield }& 4,000 \text { units }\end{array}$ During April, the following actual production information was provided: $\begin{array}{cc}\text { Material } & \text { Actual Mix } \\\mathrm{X} & 30,000 \text { units } \\\mathrm{Y} & 20,000 \text { units } \\& \\\text { Yield } & 36,000 \text { units }\end{array}$
-Refer to Figure 18-4. What is the materials yield variance?

• A)£4,000 (F)
• B)£8,000 (F)
• C)£8,000 (U)
• D)£9,000 (U)

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Definitions:

Dependent Variables

In research, these are variables that are expected to change as a result of changes in the independent variables.

Independent Variable

The variable in an experimental setting that is manipulated to observe its effect on a dependent variable.

Marketing Action

Specific tasks undertaken by a company to promote and sell its products or services to its target market.

Environmental Force

External factors such as political, economic, social, technological, legal, and environmental influences that can affect an organization's success.