Question 4 (29 marks) Berger Paints produces and sells a wide range of paints to its...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Question 4 (29 marks) Berger Paints produces and sells a wide range of paints to its customers. It currently has a high- is grade paint that will attach to any surface without flaking or peeling. The purchasing manager responsible for buying the three ingredients (red paint, white paint and a specialized bonding agent) that are used to make pink paint whilst the production manager is responsible for mixing the paints and the volume and quality of green paint that is produced. The standard ingredients of the pink paint mix are as follows: 2 litres of red paint @ $2.50 per litre $ 5.00 7 litres of white paint @ $3.00 per litre $21.00 1 litre of bonding agent @ $10.00 per litre $10.00 Total cost of production for 9 litres of pink paint $36.00 $ 4.00 Standard cost of one litre of pink paint The Cost Accountant has provided the following data in relation to the production of 5,000 litres of pink paint. 1,000 litres of red paint @ $2.60 per litre 4,000 litres of white paint @ $3.10 per litre 500 litres of bonding agent @ $9.90 per litre 5,500 litres Required: $ 2,600 $12,400 $ 4,950 $19,950 Calculate the material price, mix and yield variances for Berger Paints. (10 marks) Question 4 (29 marks) Berger Paints produces and sells a wide range of paints to its customers. It currently has a high- is grade paint that will attach to any surface without flaking or peeling. The purchasing manager responsible for buying the three ingredients (red paint, white paint and a specialized bonding agent) that are used to make pink paint whilst the production manager is responsible for mixing the paints and the volume and quality of green paint that is produced. The standard ingredients of the pink paint mix are as follows: 2 litres of red paint @ $2.50 per litre $ 5.00 7 litres of white paint @ $3.00 per litre $21.00 1 litre of bonding agent @ $10.00 per litre $10.00 Total cost of production for 9 litres of pink paint $36.00 $ 4.00 Standard cost of one litre of pink paint The Cost Accountant has provided the following data in relation to the production of 5,000 litres of pink paint. 1,000 litres of red paint @ $2.60 per litre 4,000 litres of white paint @ $3.10 per litre 500 litres of bonding agent @ $9.90 per litre 5,500 litres Required: $ 2,600 $12,400 $ 4,950 $19,950 Calculate the material price, mix and yield variances for Berger Paints. (10 marks)
Expert Answer:
Answer rating: 100% (QA)
To calculate the material price mix and yield variances for Berger Paints we need to follow these st... View the full answer
Posted Date:
Students also viewed these accounting questions
-
Apple, Banana and Cherry are partners in a business called Fruit Retailers. The partnership agreement provides: 1. Interest is to be allowed or charged on opening capital/current accounts at 15% per...
-
Bert receives an inheritance of $57,500 and decides to invest his money into an account that will pay 3.7% if the money is not withdrawn for 7 years. a. Complete the table depicting Bert's money and...
-
Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
-
Calculate e y for the following values of y: (a) y = 1 (b) y = 5 (c) y = -.5 (d) y = -2.5 (e) y = 3.1 (f) y = - I (g) y = .05 (h) y = .32 (i) y = 6.1 (j) y = -5.4
-
What is the rationale for the public promotion of transportation?
-
How might a symbolic convergence perspective on social and emotional communication in the group influence your assessment of the situation? How might a bona fide group perspective on the way the...
-
Henry Company is considering spending \($100,000\) for a new grinding machine. This amount could be invested to yield a 12% return. What is the opportunity cost? A. \($112,000\) B. \($88,000\) C....
-
A farmer in Georgia must decide which crop to plant next year on his land: corn, peanuts, or soybeans. The return from each crop will be determined by whether a new trade bill with Russia Determine...
-
21. You have a $1,000 portfolio which is invested in stocks A and B plus a risk-free asset. $400 is invested in stock A. Stock A has a beta of 1.3 and stock B has a beta of 0.7. How much needs to be...
-
The two disks, supported by pins at C and E, are connected by a pin-ended bar, AB, and the frictionless peg in the slot at D, the latter being located on the circumference of the disk at the right....
-
My home uses two light bulbs. On average, a light bulb last for 22 days (expo- nentially distributed). When a light bulb burns out, it takes and average of 2 days (exponentially distributed) before I...
-
Few aspects of marketing were of greater concern to healthcare professionals than the onset of advertising. Because of the sensitive nature of healthcare and the often precarious position of the...
-
In the following code, the classes Box, Pen, and Main are in the same package. Can the Main class be compiled? class Box { protected void math() { } } class Pen extends Box { } class Main { public...
-
Suppose John is risk neutral and faces an uncertain outcome in which he loses $1000 with probability p and $0 with probability ( 1 p ) (1p), and John knows the value of p. John is offered insurance....
-
Goodie shoes. has $4,000 of finished goods inventory as of December 31, 2022. If beginning finished goods inventory was $2,000 and cost of goods sold was $8,000, how much would Goodie shoes report...
-
The population for the Region of Waterloo at the end of 2011 was 553,000 If population growth matches current values and increases 178 per year for the next five year, what is the predicted...
-
Match the following. Answers may be used more than once: Measurement Method A. Amortized cost B. Equity method C. Acquisition method and consolidation D. Fair value method Reporting Method 1. Less...
-
_________ occurs because our unlimited wants exceed our limited resources.
-
The economic problem is the fact that _________ forces us to choose, and choices are costly because we must give up other opportunities that we _________.
-
_________ deals with the aggregate, or total, economy (the forest), while _________ deals with the smaller units within the economy (the trees).
Study smarter with the SolutionInn App