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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 24
Calculating the Yield Variance
Refer to Cornerstone Exercise 9.9.
Required:
1. Calculate the yield ratio based on the standard amounts given.
2. Calculate the standard cost per pound of the yield (rounded to the nearest cent).
3. Calculate the standard yield for actual input of 2,000 pounds of direct materials.
4. Calculate the yield variance.
5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 825 pizzas? How would that affect the yield variance?
Refer to Cornerstone Exercise 9.9.
Required:
1. Calculate the yield ratio based on the standard amounts given.
2. Calculate the standard cost per pound of the yield (rounded to the nearest cent).
3. Calculate the standard yield for actual input of 2,000 pounds of direct materials.
4. Calculate the yield variance.
5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 825 pizzas? How would that affect the yield variance?
Explanation
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1. Calculation of yield ratio for 780 pi...
Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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