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The Following Information Is Provided About Three Materials Utilized in the Production

Question 67

Essay

The following information is provided about three materials utilized in the production of a product:
Material Standard Mix Standard Unit Price Standard Cost
X 2,500 units $3.00 per unit $7,500
Y 1,500 units 5.00 per unit $7,500
Z 1,000 units 4.00 per unit $4,000
Yield 4,500 units
During May, the following actual production information was provided:
The following information is provided about three materials utilized in the production of a product: Material Standard Mix Standard Unit Price Standard Cost X 2,500 units $3.00 per unit $7,500 Y 1,500 units 5.00 per unit $7,500 Z 1,000 units 4.00 per unit $4,000 Yield 4,500 units During May, the following actual production information was provided: Yield 30,000 units Required: Calculate the materials mix and yield variances. Yield 30,000 units
Required:
Calculate the materials mix and yield variances.

Correct Answer:

verifed

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Materials mix variance:
SM(X) = (2,500/5...

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