XYZ Co. uses two types of materials in the production. The following standards were developed: Material...
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XYZ Co. uses two types of materials in the production. The following standards were developed: Material M1 M2 Yield Material M1 M2 Standard Mix Standard Unit Price 2 units $20 per unit 3 units 12 per unit Yield 25 units During January, the following actual production information was provided: Actual Mix 22,000 units 43,000 units Standard Cost $40 $36 320,000 units Required: (1) Determine the mix variance and the yield variance. (2) Determine the MUV. XYZ Co. uses two types of materials in the production. The following standards were developed: Material M1 M2 Yield Material M1 M2 Standard Mix Standard Unit Price 2 units $20 per unit 3 units 12 per unit Yield 25 units During January, the following actual production information was provided: Actual Mix 22,000 units 43,000 units Standard Cost $40 $36 320,000 units Required: (1) Determine the mix variance and the yield variance. (2) Determine the MUV.
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1 To determine the mix variance and yield variance Mix Variance Mix Variance Actual Mix Standard Mi... View the full answer
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
Posted Date:
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