Question: Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials

Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials data for its product. Standard costs for one unit of output Alpha 54 units of input at $ 12.00 Beta 108 units of input at $ 14.50 The company had the following results in June. Units of output produced 2,700 units Materials purchased and used Alpha 153,800 units at $ 11.30 Beta 283,600 units at $ 15.30

Stacy, Inc., produces a product using a process that allows for substitution

between two materials, Alpha and Beta. The company has the following direct

materials data for its product. Standard costs for one unit of output

Required:

a. Compute materials price and efficiency variances.

b. Compute materials mix and yield variances.

The company had the following results in June. Complete this question by entering your answers in the tabs below. Compute materials price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Compute materials mix and yield variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

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