Question: Proctor Cleaning Products manufactures a product using a process that allows for substitution between two materials, X-1 and Y-7. The company has the following

Proctor Cleaning Products manufactures a product using a process that allows for

Proctor Cleaning Products manufactures a product using a process that allows for substitution between two materials, X-1 and Y-7. The company has the following direct materials data for its product: Standard costs for one unit of output X-1 Y-7 68 units of input at $1.00 12 units of input at $4.60 The following results were reported for January: Units of output produced Materials purchased X-1 Y-7 18,050 units 1,201,000 units at $1.02. 221,000 units at $4.55 Proctor has a policy of holding no inventories of any kind. Required: a. Compute materials price and efficiency variances. b. Compute materials mix and yield variances.

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