Calculate total usage and mix and yield variances

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Reference no: EM131197250

Example: Losses, mix and yield

Coope and Sorcerer Co make product T42 in a continuous process, for which standard and actual quantities in month 10 were as follows.

		Standard			Actual
		Price			Price	Std cost of
	Quantity	per kg	Value	Quantity	per kg	actual usage
	kg	$	$	kg	$	$
Material P	40,000	2.50	100,000	34,000	2.50	85,000
Material Q	20,000	4.00	80,000	22,000	4.00	88,000
	60,000		180,000	56,000		173,000

Losses occur at an even rate during the processing operation and are expected to be 10% of materials input. Actual output during the month was 53,000 kgs.

Required

Calculate total usage, mix and yield variances.

Reference no: EM131197250

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