The Stronghold Corporation uses two materials and two types of labor to manufacture a product. The following are their standards:
Yield 5,000 units
Labor Type Standard Mix Standard Unit Price Standard Cost
Grinding 300 hours $8.00 per unit $2,400
Polishing 150 hours 6.00 per unit $ 900
Yield 6,000 units
During the month of November, the following actual production information was provided:
Material Actual Mix
P P 30,000 units
Q Q 20,000 units
Yield 30,000 units
Labor Type Actual Mix
Grinding 4,500 hours
Polishing 2,500 hours
Yield 30,000 units
Required calculations:
a. Material mix variance
b. Material yield variance
c. Labor mix variance
d. Labor yield variance
Correct Answer:
Verified
SM(P) = (5,500...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q115: The Awesome Systems Company, which uses direct
Q116: Formidable Company collected the following information: Standard
Q117: United Carborundum Company manufactures 100-pound bags of
Q118: Sparingly Manufacturing has developed the following standards
Q119: Figure 9-4
San Francisco Corporation uses two materials
Q120: Artigas Enterprises uses two materials in the
Q121: The following information is provided about three
Q122: Mozambique Industries uses two different types of
Q123: Organics Corporation uses two different types of
Q124: Production of a product utilizes materials D,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents