John's Weed-B-Gone yard service sprays lawns to rld them of weeds. John mixes the two chemicals, Weed-X and Pest-O, In proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.00 per gallon and Pesto-O has a standard cost of $24.80 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn. For the past season, John treated 649,000 square yards. He used 4,200 gallons of Weed-X and 4,000 gallons of Pest-O. He paid a total of $35,000 for the Weed-X and $97,200 for the Pest-O. Required: a. Compute the materials price and efficiency variances for the season. b. Compute the materials mix and yield variances for the season. Complete this question by entering your answers in the tabs below. Required A Required B Compute the materials price and efficiency variances for the season. (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. Enter your answers rounded to the nearest whole dollar) Efficiency Variances Weed-X Pest-O Total Materials Price
John's Weed-B-Gone yard service sprays lawns to rld them of weeds. John mixes the two chemicals, Weed-X and Pest-O, In proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.00 per gallon and Pesto-O has a standard cost of $24.80 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn. For the past season, John treated 649,000 square yards. He used 4,200 gallons of Weed-X and 4,000 gallons of Pest-O. He paid a total of $35,000 for the Weed-X and $97,200 for the Pest-O. Required: a. Compute the materials price and efficiency variances for the season. b. Compute the materials mix and yield variances for the season. Complete this question by entering your answers in the tabs below. Required A Required B Compute the materials price and efficiency variances for the season. (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. Enter your answers rounded to the nearest whole dollar) Efficiency Variances Weed-X Pest-O Total Materials Price
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints
Section: Chapter Questions
Problem 25P: Taylor Company produces two industrial cleansers that use the same liquid chemical input: Pocolimpio...
Related questions
Question
Please don't give answer in image format and it should be in step by step format and provide fast solution
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning