Essay
Adams Corporation manufactures a certain product by mixing three kinds of materials in large batches.The blend master has the responsibility for maintaining the quality of the product,and this often requires altering the proportions of the various ingredients.Standard costs are used to provide material control information.The standard material inputs per batch are:
| Quantity (pounds) | Price (per pound) | Standard Cost of Material | |
| Material A | 420 | $0.06 | $25.20 |
| Material B | 70 | 0.12 | 8.40 |
| Material C | 10 | 0.25 | 2.50 |
| Total batch | 500 | $36.10 |
During January,the following materials were put in process:
Inventories in process totaled 5,000 pounds at the beginning of the month and 8,000 pounds at the end of the month.It is assumed that these inventories consisted of materials in their standard proportions.Finished output during January amounted to 4,100 boxes.
Required:Compute the total material quantity variance for the month and break it down into mix and yield components.
Correct Answer:
Verified
The finished product is packed in 50-pou...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q13: Jenkins Manufacturing<br>The following information is available
Q14: Commodore Company<br>Commodore Company uses a standard cost
Q15: The difference between what was paid for
Q16: Commodore Company<br>Commodore Company uses a standard cost
Q17: Bailey Corporation.incurred 2,300 direct labor hours to
Q19: The sum of the material price variance
Q20: Variance analysis for overhead normally focuses on<br>A)efficiency
Q21: The difference between actual variable overhead and
Q22: Provide the correct term for each of
Q23: Explain the source of fixed overhead spending