Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix fo
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11.
Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 500 galloons of one liquid is as follows:
|
Liquid Chemical |
Qty. in Gallons |
Cost per Gallon |
Total Cost |
|
Salve |
100 |
P2.00 |
P200 |
|
Clarity |
300 |
0.75 |
225 |
|
Tanggo |
225 |
1.00 |
225 |
|
|
625 |
|
P650 |
There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the
A total of 4,000 bottles (40,000 gallons) were produced during November. The actual quantities and costs of the materials placed in production during November were as follows.:
|
Liquid Chemical |
Qty. in Gallons |
Total Cost |
|
Tanggo |
18,540 |
P16,686 |
|
Salve |
8,480 |
17,384 |
|
Clarity |
25,200 |
17,640 |
What is Yatoro’s yield variance?
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- Plano Products manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 100 liters of its biggest selling product is as follows. Input Chemical Quantity (in liters) Cost (per liter) Total Cost Chem-A 33 35 $1,155 Chem-B 73 25 1,825 Chem-C 19 10 190 125 $3,170 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 23-liter containers for sale. Thus, the standard material cost for a 23-liter container is $729.10 [= ($3,170 ÷ 100 liters) × 23 liters per container]. The actual quantities of direct materials and the cost of the materials placed in production during September were as follows (materials are purchased and used at the same time). Input Chemical Quantity (in liters) Total Cost Chem-A 25,160 $ 734,248 Chem-B 43,900 1,182,320 Chem-C 30,540 1,288,220 99,600 $ 3,204,788 A total of 9,300 containers (213,900…Can someone help me please with full working and steps Plano Products manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 100 liters of its biggest selling product is as follows. Input Chemical Quantity (in liters) Cost (per liter) Total Cost Chem-A 33 35 $1,155 Chem-B 73 25 1,825 Chem-C 19 10 190 125 $3,170 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 23-liter containers for sale. Thus, the standard material cost for a 23-liter container is $729.10 [= ($3,170 ÷ 100 liters) × 23 liters per container]. The actual quantities of direct materials and the cost of the materials placed in production during September were as follows (materials are purchased and used at the same time). Input Chemical Quantity (in liters) Total Cost Chem-A 25,160 $ 734,248 Chem-B 43,900 1,182,320 Chem-C 30,540 1,288,220…11. Fiorello Company manufactures two types of cold-pressed olive oil, Refined Oil and Top Quality Oil, out of a joint process. The joint (common) costs incurred are $88,100 for a standard production run that generates 39,200 gallons of Refined Oil and 19,600 gallons of Top Quality Oil. Additional processing costs beyond the split-off point are $2.25 per gallon for Refined Oil and $1.85 per gallon for Top Quality Oil. Refined Oil sells for $4.00 per gallon, while Top Quality Oil sells for $8.10 per gallon. MangiareBuono, a supermarket chain, has asked Fiorello to supply it with 39,200 gallons of Top Quality Oil at a price of $7.9 per gallon. MangiareBuono plans to have the oil bottled in 16-ounce bottles with its own MangiareBuono label. If Fiorello accepts the order, it will save $0.21 per gallon in packaging of Top Quality Oil. There is sufficient excess capacity for the order. However, the market for Refined Oil is saturated, and any additional sales of Refined Oil would take place…
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- ASAP In the production of a certain product, two operation are available. One willproduce 40 units of the finished product per P1,000.00 worth of raw materialsand will cost P4.20 per unit of the finished product. The other process willproduce 44 units of the finished product per P1,000.00 worth of raw materialsand will cost P5.60 per unit of the finished product. What is the break-even point in unit value of the finished product below which the low efficiency processshould be used and above which high efficiency should be used?Q1. During January, Microchem Ltd produced 1000 units of a special product called Stylex, and the accounting records indicated the following: Direct material purchased 36 000 kilograms @ $2.76 per kilogram Direct material used 19 000 kilograms Direct labour 4 200 hours @ $36 per hour Stylex has the following standard prime costs: Direct material: 20 kilograms @ $2.70 per kilogram $ 54.00 Direct labour hours: 4 hours @ $34 per hour 136.00 Standard prime cost per unit $190.00 Required: 1. Calculate the total standard direct material costs and direct labour costs for January. 2. For the month of January, calculate the following variances, indicating whether each is…Q1. During January, Microchem Ltd produced 1000 units of a special product called Stylex, and the accounting records indicated the following: Direct material purchased 36 000 kilograms @ $2.76 per kilogram Direct material used 19 000 kilograms Direct labour 4 200 hours @ $36 per hour Stylex has the following standard prime costs: Direct material: 20 kilograms @ $2.70 per kilogram $ 54.00 Direct labour hours: 4 hours @ $34 per hour 136.00 Standard prime cost per unit $190.00 Required: 1. Calculate the total standard direct material costs and direct labour costs for January. 2. For the month of January, calculate the following variances, indicating whether each is…
- Mercury Bowie Sdn Bhd manufactures two products, the Y and the Z, which have the following standard selling price and standard costs per unit. Y Z RM RM Standard Selling Price 110 118 Direct Materials (RM4 per kg) 32 16 Direct Labour (RM10 per direct labour hour) 60 80 Variables Overhead (RM1 per machine hour) 4 6 During the next accounting period, the availability of resources are expected to be subjects to the following limitations: Direct Materials 3440 kg Direct Labour Hours 2880 hours Machine capacity 2760 hours The marketing department estimated that the maximum sales potential for product Y is limited to 420 units. There is no sales limitation for product Z. You are asked to advise how these limited facilities and resources can best be used so as to gain the optimum benefit from them. Required: a.Determine by graphical means the optimal mix of Y and Z at Mercury Bowie Bhd Sdn…Mercury Bowie Sdn Bhd manufactures two products, the Y and the Z, which have the following standard selling price and standard costs per unit. Y Z RM RM Standard Selling Price 110 118 Direct Materials (RM4 per kg) 32 16 Direct Labour (RM10 per direct labour hour) 60 80 Variables Overhead (RM1 per machine hour) 4 6 During the next accounting period, the availability of resources are expected to be subjects to the following limitations: Direct Materials 3440 kg Direct Labour Hours 2880 hours Machine capacity 2760 hours The marketing department estimated that the maximum sales potential for product Y is limited to 420 units. There is no sales limitation for product Z. You are asked to advise how these limited facilities and resources can best be used so as to gain the optimum benefit from them. Required: a. Determine by graphical means the optimal mix of Y and Z at Mercury Bowie Bhd Sdn…Mercury Bowie Sdn Bhd manufactures two products, the Y and the Z, which have the following standard selling price and standard costs per unit. Y Z RM RM Standard Selling Price 110 118 Direct Materials (RM4 per kg) 32 16 Direct Labour (RM10 per direct labour hour) 60 80 Variables Overhead (RM1 per machine hour) 4 6 During the next accounting period, the availability of resources are expected to be subjects to the following limitations: Direct Materials 3440 kg Direct Labour Hours 2880 hours Machine capacity 2760 hours The marketing department estimated that the maximum sales potential for product Y is limited to 420 units. There is no sales limitation for product Z. You are asked to advise how these limited facilities and resources can best be used so as to gain the optimum benefit from them. Required: 1.Determine by graphical means the optimal mix of Y and Z at Mercury Bowie Bhd Sdn…
