Hennessey Company produces 12-ounce cans of mixed pecans and cashews. Standard and actual information follows. Standard Quantities

Question:

Hennessey Company produces 12-ounce cans of mixed pecans and cashews. Standard and actual information follows.
Standard Quantities and Costs (12-oz. can)
Pecans: 6 ounces at $6.00 per pound ......... $2.25
Cashews: 6 ounces at $8.00 per pound ......... 3.00
Actual Quantities and Costs for Production of 36,000 Cans
Pecans: 15,554 pounds at $5.80 per pound
Cashews: 12,726 pounds at $8.50 per pound
Determine the material price, mix, and yield variances.