Question The materials specifications for product A show that one completed unit is made from the following

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The materials specifications for product A show that one completed unit is made from the following raw materials: Standard composition for one completed product:

Material J 2 k g @ 2.00 per kg = 4.00

Material K 2 kg @ 3.00 per kg = 6.00

Material L 4 kg @ 1.50 per kg = 6.00

Materials purchased and issued to produce 100 units of product A:

Material J 210 kg @ 1.90 per kg

Material K 205 kg @ 2.80 per kg

Material L 395 kg @ 1.60 per kg

Required:

Calculate the following variances in respect of materials:

(a) Mix variance

(b) Yield variance

Related Book For answer-question

Managerial Accounting

ISBN: 978-1259307416

16th edition

Authors: Ray Garrison, Eric Noreen, Peter Brewer

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Posted Date: Apr 30, 2024 01:16 AM

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Question The materials specifications for product A show that one completed unit is made from the following

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Answer To calculate the materials variances for product A we need to follow these steps 1 Calculate ... View the full answer

Managerial Accounting

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