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Compute materials price and efficiency variances

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Question - Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials data for its product:

Standard costs for one unit of output -

Alpha - 54 units of input at $ 12 

Beta - 108 units of input at $ 14.5             

The company had the following results in June:

Units of output produced 2,700 units Materials purchased and used

Alpha - 153,800 units at $ 11.3   

Beta - 283,600 units at $ 15.3

Required:

a. Compute materials price and efficiency variances.

b. Compute materials mix and yield variances.

Reference no: EM131644724

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