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Revised Standard Quantity Formula

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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. Check FAQs

RSTQ = (\frac{SQM}{TSQ}) \cdot TAQ

RSTQ - Revised Standard Quantity?SQM - Standard Quantity of each Material?TSQ - Total Standard Quantity?TAQ - Total Actual Quantity?

Revised Standard Quantity Example

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With units

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Here is how the Revised Standard Quantity equation looks like with Values.

Here is how the Revised Standard Quantity equation looks like with Units.

Here is how the Revised Standard Quantity equation looks like.

200 = (\frac{80}{400}) \cdot 1000

200 = (\frac{80}{400}) \cdot 1000

200 = (\frac{80}{400}) \cdot 1000

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Revised Standard Quantity Solution

Follow our step by step solution on how to calculate Revised Standard Quantity?

FIRST Step Consider the formula

RSTQ = (\frac{SQM}{TSQ}) \cdot TAQ

Next Step Substitute values of Variables

∴

RSTQ = (\frac{80}{400}) \cdot 1000

Next Step Prepare to Evaluate

∴

RSTQ = (\frac{80}{400}) \cdot 1000

LAST Step Evaluate

∴

RSTQ = 200

Revised Standard Quantity Formula Elements

Variables

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.

Symbol: RSTQ

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Revised Standard Quantity

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.

Symbol: SQM

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Standard Quantity of each Material

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.

Symbol: TSQ

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Standard Quantity

Total Actual Quantity

Total Actual Quantity is the total quantity of products manufactured or assembled within a given timeframe.

Symbol: TAQ

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Actual Quantity

Other formulas in Cost Accounting category

Go Material Cost Variance

MCV = (SQAO \cdot STP) - (ACQ \cdot ACP)

Go Material Price Variance

MPRV = ACQ \cdot (STP - ACP)

Go Material Quantity

MQ = STP \cdot (SQ - ACQ)

Go Material Usage Variance

MUV = STP \cdot (AQU - SQ)

How to Evaluate Revised Standard Quantity?

Revised Standard Quantity evaluator uses Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity to evaluate 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 evaluate Revised Standard Quantity using this online evaluator? To use this online evaluator for Revised Standard Quantity, enter Standard Quantity of each Material (SQM), Total Standard Quantity (TSQ) & Total Actual Quantity (TAQ) and hit the calculate button.

FAQs on Revised Standard Quantity

What is the formula to find Revised Standard Quantity?

The formula of Revised Standard Quantity is expressed as Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity. Here is an example- 200 = (80/400)*1000.

How to calculate Revised Standard Quantity?

With Standard Quantity of each Material (SQM), Total Standard Quantity (TSQ) & Total Actual Quantity (TAQ) we can find Revised Standard Quantity using the formula - Revised Standard Quantity = (Standard Quantity of each Material/Total Standard Quantity)*Total Actual Quantity.

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Revised Standard Quantity Formula

Revised Standard Quantity Example

Revised Standard Quantity Solution

Revised Standard Quantity Formula Elements

Other formulas in Cost Accounting category

How to Evaluate Revised Standard Quantity?

FAQs on Revised Standard Quantity

Variable Name