Haddas Ltd. makes Healthy Life, a nutritional aid. For a 50-pound batch, standard material and labor costs
Question:
Haddas Ltd. makes Healthy Life, a nutritional aid. For a 50-pound batch, standard material and labor costs are as follows:
During June, the following materials and labor were used in producing 600 batches of Healthy Life:
Wheat .....18,000 pounds at $0.22 per pound
Barley .....14,000 pounds at $0.11 per pound
Corn .......10,000 pounds at $0.07 per pound
Skilled labor ... 400 hours at $12.25 per hour
Unskilled labor ...260 hours at $9.00 per hour
a. Calculate the material quantity, mix, and yield variances.
b. Calculate the labor efficiency, mix, and yieldvariances.
Transcribed Image Text:
Wheat Barksy Corn Skilled labor Unskilled labor Quantity 25.0 pounds 25.0 pounds 10.0 pounds 0.8 hour 0.2 hour Unit Price $0.20 per pound 0.10 per pound 0.05 per pound 12.00 per hour 8.00 per hour Total $5.00 2.30 0.50 9.60 1.60
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a Supporting calculations Standard mix actual quantity Wheat 42000 25 60 17500 Barley 42000 25 60 ...View the full answer
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Related Book For
Cost Accounting Foundations and Evolutions
ISBN: 978-1111626822
8th Edition
Authors: Michael R. Kinney, Cecily A. Raiborn
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