Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following...
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Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 Ibs. 0.325 $1.40 $14.00 Cheese 11 0.375 2.80 30.80 Sausage 9 0.300 2.00 18.00 Total 30 Ibs. $62.80 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,067 frozen sausage pizzas) into process. Of the total, 600 pounds were tomato sauce, 820 pounds were cheese, and the remaining 580 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.53 V 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. .93 V per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,067 V pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. 1,246 x Unfavorable Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 Ibs. 0.325 $1.40 $14.00 Cheese 11 0.375 2.80 30.80 Sausage 9 0.300 2.00 18.00 Total 30 Ibs. $62.80 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,067 frozen sausage pizzas) into process. Of the total, 600 pounds were tomato sauce, 820 pounds were cheese, and the remaining 580 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.53 V 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. .93 V per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,067 V pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. 1,246 x Unfavorable
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1 Standard mix in pounds Totmato sauce 2000 0325 650 pounds cheese 20000375 750 pounds Sausage 20... 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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