Question

In a manufacturing enterprise, the production of goods is made using two raw materials: soap and...

In a manufacturing enterprise, the production of goods is made using two raw materials: soap and amber.

The standards and actual results for both raw materials used in production are shown in the following table.

Raw Material          Standard Quantity         Standard Price       Actual Quantity           Actual Price

Soap Some              10,000 kg                          0.05 TL/kg            10,500 kg                        0.045 Tl/kg

Amber                      50 kg                                 25 TL/kg                  55 kg                             26 TL/kg

Requested: Calculate quantity and price deviation for both raw materials using the information in the table.

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