Reference no: EM132769663

Marie Corp has material standards inputs for one unit is as follows:

                       Material Quantity in lbs      Standard Price per lb.
X                         400                             40
Y                          400                             80
Z                            200                          30
Total                        1,000lbs.

20units of finished product have been actually produced during the period which the actual quantities of material used and the prices paid are as follows:

                         Material Quantity used in lbs            Price

X                            10,000                                   38
Y                             8,500                                     84
Z                           4,500                                    32.50
Total                     23,000

Problem 1: Compute for the price, Mix and yield Variances