Essay
The following actual production information was recorded in May:
Lilac Company uses two different types of labor in the manufacture of its only product. The standards are as follows:
Required: Yield 8,000 units
(1) Calculate the labor efficiency, mix and yield variances.
(2) Based on the actual mix numbers and standard prices, above, what does it seem as if the company was trying to do and did it succeed?
Yield 63,000 units
Correct Answer:
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(1) Mix variance
Quantity variance: ($...View Answer
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Correct Answer:
Verified
Quantity variance: ($...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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