Natural Furniture Ltd.makes wooden furniture.One of their products is a wooden desk.The exterior is made of walnut, a high quality wood, but the interior drawers are made of pine, a less expensive wood.The budgeted direct material quantities and prices for one desk are:
During the month of September 440 desks were produced.The actual material volume and costs were:
Required:
Calculate the direct materials mix and yield variances for the walnut.

Question

Natural Furniture Ltd.makes wooden furniture.One of their products is a wooden desk.The exterior is made of walnut, a high quality wood, but the interior drawers are made of pine, a less expensive wood.The budgeted direct material quantities and prices for one desk are:
  During the month of September 440 desks were produced.The actual material volume and costs were:
  Required:
Calculate the direct materials mix and yield variances for the walnut.

Quizplus · Accepted Answer

The Answer of Natural Furniture Ltd.makes wooden furniture.One of their products is a wooden desk.The exterior is made of walnut, a high quality wood, but the interior drawers are made of pine, a less expensive wood.The budgeted direct material quantities and prices for one desk are:
  During the month of September 440 desks were produced.The actual material volume and costs were:
  Required:
Calculate the direct materials mix and yield variances for the walnut.