5.CALIFORNIA CORP. manufactures candles in various shapes, sizes, colors, and scents. Depending onthe orders received, not all candles require the same amount of color, dye, or scent materials. Yieldsalso vary, depending upon the usage of beeswax or synthetic wax. Standard ingredients for 1,000Ibs. of candles are:Standard Cost per PoundP1.00.202.00Input:BeeswaxStandard Mix200Ibs.Synthetic waxColors8407ScentsTotals6.001.050 Ibs.Standard output1,000IbsPrice variances are charged off at the time of purchase.manufacturing red candles for Valentine's Day. Actual production then was:During January, the company was busyInput:Beeswax4,10013,8002,2006020,160 Ibs.18.500 lbs.REQUIREMENT: Compute the materials mix variance and the materials yield variance.whether each variance is favorable or unfavorable and round to three decimal places.)Synthetic waxColorsScentsTotalsActual output(Indicate

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CALIFORNIA CORP. manufactures candles in various shapes, sizes, colors, and scents. Depending on the orders received, not all candles require the same amount of color, dye, or scent materials. Yields also vary, depending upon the usage of beeswax or synthetic wax. Standard ingredients for 1,000 Ibs. of candles are: Input: Beeswax Synthetic wax Colors 5. Standard Mix 200 lbs. Standard Cost per Pound P1.00 840 7 20 2.00 Scents 6.00 1.050 Ibs. 1.000 Ibs. Price variances are charged off at the time of purchase. During January, the company was busy Totals Standard output manufacturing red candles for Valentine's Day. Actual production then was: Input: Beeswax 4,100 13,800 2,200 60 20,160 Ibs. 18.500 Ibs. Synthetic wax Colors Scents Totals Actual output REQUIREMENT: Compute the materials mix variance and the materials yield variance. (Indicate whether each variance is favorable or unfavorable and round to three decimal places.)

CALIFORNIA CORP. manufactures candles in various shapes, sizes, colors, and scents. Depending on the orders received, not all candles require the same amount of color, dye, or scent materials. Yields also vary, depending upon the usage of beeswax or synthetic wax. Standard ingredients for 1,000 Ibs. of candles are: Input: Beeswax Synthetic wax Colors 5. Standard Mix 200 lbs. Standard Cost per Pound P1.00 840 7 20 2.00 Scents 6.00 1.050 Ibs. 1.000 Ibs. Price variances are charged off at the time of purchase. During January, the company was busy Totals Standard output manufacturing red candles for Valentine's Day. Actual production then was: Input: Beeswax 4,100 13,800 2,200 60 20,160 Ibs. 18.500 Ibs. Synthetic wax Colors Scents Totals Actual output REQUIREMENT: Compute the materials mix variance and the materials yield variance. (Indicate whether each variance is favorable or unfavorable and round to three decimal places.)

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 17E: Chypre, Inc., produces a cologne mist using a solvent mix (water and pure alcohol) and aromatic...

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