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Calculate the total material mix variance

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Reference no: EM132607541

The Safe Soap Co makes environmentally-friendly soap using three basic ingredients. The standard cost card for one batch of soap for the month of September was as follows:

                      Material Kilograms                   Price per kilogram ($)

Lye                  0·25                                        10

Coconut oil        0·6                                          4

Shea butter       0·5                                            3

The budget for production and sales in September was 120,000 batches. Actual production and sales were 136,000 batches. The actual ingredients used were as follows:

Material Kilograms

Lye 34,080

Coconut oil 83,232

Shea butter 64,200

Required:

Problem (a) Calculate the total material mix variance and the total material yield variance for September.

Reference no: EM132607541

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