5. To make 100 kg of a fertilizer, Topgrow, requires the following: Material Ingredient J Ingredient K Ingredient L 25 kg at £2 per kg 75 kg at £1 per kg 50 kg at £4 per kg In November, 23,000 kg of Topgrow was produced and 5,000 kg of J, 16,000 kg of K and 15,000 kg of L were used. What was the material yield variance in November?
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- Refer to Cornerstone Exercise 9.9. Required: 1. Calculate the yield ratio based on the standard amounts given. 2. Calculate the standard cost per pound of the yield (rounded to the nearest cent). 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. 4. Calculate the yield variance. 5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 825 pizzas? How would that affect the yield variance? Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia uses two types of direct labor: machine operators and packers. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Mangias recent batch (designed to produce 400 pizzas) used 400 direct labor hours. Of the total, 160 were for machine operators, and the remaining 240 hours were for packers. The actual yield was 780 pizzas. Required: 1. Calculate the standard mix (SM) in hours for machine operators and for packers. 2. Calculate the mix variance. 3. Calculate the actual proportion of hours worked by machine operators and by packers. Use these results to explain the direction (favorable or unfavorable) of the mix variance. 4. What if of the total 400 direct labor hours worked, 200 were worked by each type of direct labor? How would that affect the mix variance?Buzz Company uses 40,000 gallons of materials for which they paid P7.00 a gallon. The materials price variance was P80,000 favorable. What is the standard price per gallon? A. 2.00 B. 5.00 C. 7.00 D. 9.00A producer of pens has received a forecast of 25,000. Fixed Cost = $30,000 and Total Variable Cost = $50,000 at this level. What is the total variable cost if volume is 40,000. a. P80 b. P78 c. P75 d. P70
- 4.Statin company expected to sell 3000 masks for $200 each but ended up selling 7500 for $150 each. Their contribution margins are listed below Actual Margin = $500 Standard Margin = $90 What is the sales margin variance? a.(3,075,000) b.3,480,000 c.(3,480,000) d.3,075,000 5.What is the price variance? a.(675,000) b.3,750,000 c.(405,000) d.3,075,000 6.What is the quantity variance? a.(405,000) b.3,075,000 c.3,480,000 d.405,000Production of each unit of 001 requires 8 lbs. of B at a cost of P9 per lb. and 4 lbs. of X at P11.20 per lb. However, for production of 1,000 units of 001 10,000 lbs. were used, 75% of which was for material B at a cost of P8 per lb. for B and P9 per lb. for X. What is the material price, mix, and yield and quantity variance?9. Ryker Company produces a product that requires 2 standard gallons per unit. The standard price is $20.00 per gallon. If 4,000 units required 8,200 gallons, which were purchased at $19.75 per gallon, what is the direct materials (a) price variance, (b) quantity variance, and (c) total cost variance?
- Bellingham Company produces a product that requires 2.5 standard pounds per unit. The standard price is $3.75 per pound. If 15,000 units used 36,000 pounds, which were purchased at $4.00 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?A product requires the following to make 12 kg: Ingredient P 5 kg at £3 Ingredient Q 7 kg at £2 In January, 960 kg of product used 420 kg of P and 560 kg of Q. Are the material mix and material yield variances favourable or adverse?23.) The firm's standard mix on inputs for a finished goods unit is 1 units of input A for 4 units of input B. The standard price for input A is $4 and the standard price for input B is $2. At standard mix, the standard number of input units per finished goods unit is 5. The firm's actually completed 40,000 finished goods units and used 180,000 input units. What is the firm's yield variance? a. 48,000 Favorable b. 48,000 Unfavorable c. 24,000 Favorable d. 24,000 Unfavorable
- A company uses 20,000 pounds of materials for which it paid P6.00 a pound. The materials price variance was P30,000 unfavorable. What is the standard price per pound?4. If the price of the material is RO 15 per unit and the annual consumption is 4000 units, the interest and store keeping charges are 20% of the value and the cost of placing of an order and receiving the goods is RO 60, how much material should be ordered at one time? 5. Alexander pump LLC uses about 75000 valves per year and the usage is fairly constant at 6250 units per month. The valve cost of RO 1.50 per unit when bought in large quantities, and the carrying cost is estimated to be 20% of average inventory investment on an annual basis. The cost to place an order and process the delivery is RO18. It takes 45 days to receive delivery from the date of an order and a safety stock of 3250 vales is desired. You are required to determine. a. The most economical order quantity and frequency of orders. b. The most economical order quantity if the valves cost is RO 4.50 each instead of RO 1.50 eachThe standard direct material cost per unit for a product is calculated as follows:10.5 litres at $2.50 per litreLast month the actual price paid for 12,000 litres of material used was 4% above standard and the directmaterial usage variance was $1,815 favourable. No stocks of material are held.22.11 What was the adverse direct material price variance for last month?A $1,000B $1,200C $1,212D $1,260