Business Studies, asked by astha5145, 11 months ago

how to calculate standard quantity for actual output​

Answers

Answered by viny10
20

Answer:

Hope it helps u

Explanation:

It is obtained by multiplying actual units of production by the standard material quantity per unit. For example, a company actually produced 2000 units during the month of March. The standard material quantity required to produce one unit of output was 5 pounds.

Answered by viratgraveiens
1

The standard quantity of actual output denotes the actual amount or quantity of materials or various physical factors of production that was initially expected or predicted to be used in the production process by any firm or company within a certain period of time.

Explanation:

Standard quantity of actual output provides a basis or yardstick for the firms or companies to compare between the actual amount of quantity of materials or physical factors of production used in the production process and the amount or quantity of the same that was expected or predicted to be used in the production process during a particular period of time.Standard quantity of actual output is calculated by multiplying the total units of output produced by any firm or company in a specific period of time  with the amount or quantity of materials used to produce per unit or 1 unit of that output.Hence,suppose that the total units of production in a given period of time by any firm or company is 1000 units and 10 units of material or physical input is required to produce 1 unit of that output,then the standard quantity of actual output=(1000\times 10)=10000 units of output.

Similar questions