The following information is provided about three materials utilized in the production of a product:
Material Standard Mix Standard Unit Price Standard Cost
X 2,500 units $3.00 per unit $7,500
Y 1,500 units 5.00 per unit $7,500
Z 1,000 units 4.00 per unit $4,000
Yield 4,500 units
During May, the following actual production information was provided:
Yield 30,000 units
Required:
Calculate the materials mix and yield variances.

Question

The following information is provided about three materials utilized in the production of a product:
Material Standard Mix Standard Unit Price Standard Cost
X 2,500 units $3.00 per unit $7,500
Y 1,500 units 5.00 per unit $7,500
Z 1,000 units 4.00 per unit $4,000
Yield 4,500 units
During May, the following actual production information was provided:
  Yield 30,000 units
Required:
Calculate the materials mix and yield variances.

Quizplus · Accepted Answer

The Answer of The following information is provided about three materials utilized in the production of a product:
Material Standard Mix Standard Unit Price Standard Cost
X 2,500 units $3.00 per unit $7,500
Y 1,500 units 5.00 per unit $7,500
Z 1,000 units 4.00 per unit $4,000
Yield 4,500 units
During May, the following actual production information was provided:
  Yield 30,000 units
Required:
Calculate the materials mix and yield variances.

The Following Information Is Provided About Three Materials Utilized in the Production