Table 8: THE ROGER COMPANY CASEThe Roger Company produces product NRV by heating materials X, Y, and Z. Normal evaporation loss is 20%; thus, 1,000 gallons of input areanticipated to yield an output of 800 gallons.STANDARDS for 800 gallons of NRV:Material XMaterial YMaterial ZTotals/Weighted AverageOUTPUT of 40,000 gallons, actual costs:Material XMaterial YMaterial ZTotals/Weighted AverageGALLONS6003001001,000GALLONS26,00018,2007,80052,000PRICE PER GALLON$0.80$1.20$1.60$1.00PRICE PER GALLON$0.82$1.23$1.67$1.091TOTAL$480360160$1,000TOTAL$21,32022,38613,026$56,732Use the above information to calculate the materials price and efficiency variances. Then break down the efficiency variance into the mix andyield variances. Explain any computational similarities as compared to the calculations of any of those variances you calculated for the

Calculation of Variances, from the data provided

Answered: Use the above information to calculate…

Use the above information to calculate the materials price and efficiency variances. Then break down the efficiency variance into the mix an a pang p + + +1+34

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter20: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4CMA: Eagle Brand Inc. produces two products as follows: Eagle Brand has 1,000 lbs. of raw materials that...

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