2 Dubuque Company uses three materials in the production of their product. The materials, A, B,...
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2 Dubuque Company uses three materials in the production of their product. The materials, A, B, and C, have the following standards: Material Standard Mix Standard Cost Standard Unit Price $3.00 per unit 6,000 units $18,000 1,000 units 2.00 per unit $2,000 3,000 units 5.00 per unit $ 15,000 Yield 8,000 units During April, the following actual production information was provided: Material Actual Mix A B 40,000 units 15,000 units. 35,000 units Yield 70,000 units Required: (10 points each variance) Calculate the materials, mix, yield, and usage variances. Use the format below for mix variance. Material AQ SM AQ-SM SP (AQ-SM)SP ABU 2 Dubuque Company uses three materials in the production of their product. The materials, A, B, and C, have the following standards: Material Standard Mix Standard Cost Standard Unit Price $3.00 per unit 6,000 units $18,000 1,000 units 2.00 per unit $2,000 3,000 units 5.00 per unit $ 15,000 Yield 8,000 units During April, the following actual production information was provided: Material Actual Mix A B 40,000 units 15,000 units. 35,000 units Yield 70,000 units Required: (10 points each variance) Calculate the materials, mix, yield, and usage variances. Use the format below for mix variance. Material AQ SM AQ-SM SP (AQ-SM)SP ABU
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Standard Quantity Standard price Standard cost Actual Q Act... View the full answer
Related Book For
Vector Mechanics for Engineers Statics and Dynamics
ISBN: 978-0073212227
8th Edition
Authors: Ferdinand Beer, E. Russell Johnston, Jr., Elliot Eisenberg, William Clausen, David Mazurek, Phillip Cornwell
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