Revised Standard Quantity Calculator

✖Standard Quantity of each Material refers to the predetermined amount of raw materials required to produce a single unit of a product based on established norms.ⓘ Standard Quantity of each Material [SQM]			+10% -10%
✖Total Standard Quantity refers to the sum of the predetermined quantities of all raw materials required to produce a certain number of units of a product based on established norms.ⓘ Total Standard Quantity [TSQ]			+10% -10%
✖Total Actual Quantity is the total quantity of products manufactured or assembled within a given timeframe.ⓘ Total Actual Quantity [TAQ]			+10% -10%

✖Revised Standard Quantity refers to an updated or adjusted predetermined amount of materials that should be used for a specific level of production or output.ⓘ Revised Standard Quantity [RSTQ]

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Formula

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Revised Standard Quantity

Formula

`"RSTQ" = ("SQM"/"TSQ")*"TAQ"`

Example

`"200"=("80"/"400")*"1000"`

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Revised Standard Quantity Solution

STEP 0: Pre-Calculation Summary

Formula Used

Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity
RSTQ = (SQM/TSQ)*TAQ
This formula uses 4 Variables

Variables Used

Revised Standard Quantity - Revised Standard Quantity refers to an updated or adjusted predetermined amount of materials that should be used for a specific level of production or output.
Standard Quantity of each Material - Standard Quantity of each Material refers to the predetermined amount of raw materials required to produce a single unit of a product based on established norms.
Total Standard Quantity - Total Standard Quantity refers to the sum of the predetermined quantities of all raw materials required to produce a certain number of units of a product based on established norms.
Total Actual Quantity - Total Actual Quantity is the total quantity of products manufactured or assembled within a given timeframe.

STEP 1: Convert Input(s) to Base Unit

Standard Quantity of each Material: 80 --> No Conversion Required
Total Standard Quantity: 400 --> No Conversion Required
Total Actual Quantity: 1000 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

RSTQ = (SQM/TSQ)*TAQ --> (80/400)*1000

Evaluating ... ...

RSTQ = 200

STEP 3: Convert Result to Output's Unit

200 --> No Conversion Required

FINAL ANSWER

200 <-- Revised Standard Quantity

(Calculation completed in 00.004 seconds)

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Created by Aashna

IGNOU (IGNOU), India

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Verified by Keerthika Bathula

Indian Institute of Technology, Indian School of mines, Dhanbad (IIT ISM Dhanbad), Dhanbad

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< 25 Cost Accounting Calculators

Material Cost Variance

Go Material Cost Variance = (Standard Quality for Actual Output*Standard Price)-(Actual Quantity*Actual Price)

Labour Cost Variance

Go Labour Cost Variance = (Standard Hours for Actual Output*Standard Rate)-(Actual Hours*Actual Rate)

Revised Standard Quantity

Go Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity

Learning Curve

Go Learning Curve = (Time Taken to Produce Initial Quantity*Cumulative Number of Batches)^(-Learning Coefficient)

Labour Efficiency Variance

Go Labour Efficiency Variance = Standard Rate*(Standard Time-Actual Time)*Variance

Time to Receive

Go Time to Receive = Time for Stock Validation+Time to Add Stock to Records+Time to Prep Stock for Storage

Labour Rate Variance

Go Labour Rate Variance = Actual Time*(Standard Rate-Actual Rate)*Variance

Cycle Time

Go Cycle Time = Process Time+Inspection Time+Move Time+Queue Time

Revised Standard Hours of Labours

Go Revised Standard Hours of Labours = (Actual Mix/Standard Mix)*(Standard Hours of Labour)

Material Yield Variance

Go Material Yield Variance = (Actual Unit Usage-Standard Unit Usage)*Standard Cost per Unit

Overall Equipment Effectiveness

Go Overall Equipment Effectiveness = Good Count*Ideal Cycle Time/Planned Production Time

Avoided Cost

Go Avoided Costs = Assumed Repair Cost+Production Losses-Preventative Maintenance Cost

Material Usage Variance

Go Material Usage Variance = Standard Price*(Actual Quantity Units-Standard Quantity)

Labour Mix Variance

Go Labour Mix Variance = Standard Rate*(Reversed Standard Rate-Actual Time)

Material Price Variance

Go Material Price Variance = Actual Quantity*(Standard Price-Actual Price)

Material Quantity

Go Material Quantity = Standard Price*(Standard Quantity-Actual Quantity)

Customer Acquisition Cost

Go Customer Acquisition Cost = Cost of Sales and Marketing/Number of New Customers Acquired

Total Addressable Market

Go Total Addressable Market = Annual Contract Value per Client*Number of Potential Clients

First Pass Yield

Go First Pass Yield = Number of Good Products Finished/Number of Production Orders Started

Average Days Delinquent

Go Average Days Delinquent = Days Sales Outstanding-Best Possible Days Sales Outstanding

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Go Backorder Rate = (Number of Undeliverable Orders/Total Number of Orders)

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Go Monthly Recurring Revenue = Number of Customers*Average Billed Amount

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Go Sell Through Rate = Number of Units Sold/Number of Units Received

Takt Time

Go Takt Time = Production Available Time/Customer Demand

On-Time Delivery

Go On-Time Delivery = On Time Units/Total Units

Revised Standard Quantity Formula

Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity
RSTQ = (SQM/TSQ)*TAQ

What is Revised Standard Quantity ?

Revised Standard Quantity refers to an updated or modified estimate of the expected amount of materials, components, or resources needed to produce a certain number of units of a product or service, based on changes in circumstances, processes, or standards. In manufacturing or production contexts, standard quantities are established to represent the ideal or expected usage of materials required for each unit of output. If efficiency improvements are made in the production process, the amount of material needed per unit may decrease, prompting a revision of the standard quantity. Revising the standard quantity ensures that the estimates used for planning, budgeting, and performance evaluation accurately reflect the current operating conditions and requirements of the organization. It allows for better resource allocation, cost control, and decision-making in production and inventory management processes.

How to Calculate Revised Standard Quantity?

Revised Standard Quantity calculator uses Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity to calculate the Revised Standard Quantity, Revised Standard Quantity refers to an adjusted or updated estimate of the expected quantity of materials, components, or resources required to produce a certain number of units of a product or service, based on changes in circumstances, processes, or standards. Revised Standard Quantity is denoted by RSTQ symbol.

How to calculate Revised Standard Quantity using this online calculator? To use this online calculator for Revised Standard Quantity, enter Standard Quantity of each Material (SQM), Total Standard Quantity (TSQ) & Total Actual Quantity (TAQ) and hit the calculate button. Here is how the Revised Standard Quantity calculation can be explained with given input values -> 200 = (80/400)*1000.

FAQ

What is Revised Standard Quantity?

Revised Standard Quantity refers to an adjusted or updated estimate of the expected quantity of materials, components, or resources required to produce a certain number of units of a product or service, based on changes in circumstances, processes, or standards and is represented as RSTQ = (SQM/TSQ)*TAQ or Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity. Standard Quantity of each Material refers to the predetermined amount of raw materials required to produce a single unit of a product based on established norms, Total Standard Quantity refers to the sum of the predetermined quantities of all raw materials required to produce a certain number of units of a product based on established norms & Total Actual Quantity is the total quantity of products manufactured or assembled within a given timeframe.

How to calculate Revised Standard Quantity?

Revised Standard Quantity refers to an adjusted or updated estimate of the expected quantity of materials, components, or resources required to produce a certain number of units of a product or service, based on changes in circumstances, processes, or standards is calculated using Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity. To calculate Revised Standard Quantity, you need Standard Quantity of each Material (SQM), Total Standard Quantity (TSQ) & Total Actual Quantity (TAQ). With our tool, you need to enter the respective value for Standard Quantity of each Material, Total Standard Quantity & Total Actual Quantity and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

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