Page 14 - CIMA OCS Workbook May 2019 - Day 1 Tasks
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CIMA MAY 2019 – OPERATIONAL CASE STUDY
EXERCISE 1(B) ‐ STANDARD COSTING AND VARIANCES
Suggest four variances that would be of most use to VitaMine. Justify your choices.
Variance Reason
EXERCISE 1(C) ‐ QUALITY COSTING
Comment on how each of the four “costs of quality” could potentially apply to VitaMine.
Type of cost How it could apply to VitaMine
Prevention Costs
Appraisal Costs
Internal Failure Costs
External Failure Costs
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