Compute materials price and efficiency variances

Reference no: EM13130668

Duluth Castings Company makes a product, X-tol,from two materials. Ticon and VF. The standard prices and quantities are as follows:
Ticon VF
Price per pound $12 $18
Pounds per unit of X-tol 6 pounds 3 pounds
In May, Duluth produced 35,000 units of X-tol using the following actual prices and quantities of materials.
Ticon VF
Price per pound $11.40 $16.80
Pounds purchased and used 216,000 114,000
a. Compute materials price and efficiency variances.
b. Compute materials mix and yield variances.

Reference no: EM13130668

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