Wisteria Corporation produces a product using the following standard proportions and costs of material:

Pounds Cost Per Pound Amount

Material A 50 $5.00 $250

Material B 40 6.00 240

Material C 60 3.00 180

150 4.4667 $670

Standard shrinkage (33 1/3%) 50

Net weight and cost 100 6.70 $670

A recent production run yielding 100 output pounds required an input of:

Amount Cost Per Pound

Material A 40 $5.15

Material B 50 6.00

Material C 65 2.80

Required:Material price,mix,and yield variances.

Question

Wisteria Corporation produces a product using the following standard proportions and costs of material:

A recent production run yielding 100 output pounds required an input of:

Required:Material price,mix,and yield variances.

Quizplus · Accepted Answer

The Answer of Wisteria Corporation produces a product using the following standard proportions and costs of material:

A recent production run yielding 100 output pounds required an input of:

Required:Material price,mix,and yield variances.

Wisteria Corporation Produces a Product Using the Following Standard Proportions