Reference no: EM132981

Question :

Northern Food Processors (NFP) gives Mango-Banana fruit juice. All materials are considered direct costs (everything else is considered overhead). Using standard costing, the budgeted costs to produce 50,000 cartons (50,000 liters) of juice are:

Budgeted Inputs:             kgs         $ per kg                Tot Cost

Mangoes             36,000   1.9000   66,500

Bananas               24,000   1.2000   30,000

Total      60,000   96,500

1. In the past operating period, the firm essentially produced 52,000 liters of Mango-Banana juice. The actual materials used were:

Actual Inputs:    kgs           $ per kg      Tot Cost

Mangoes           33,480        2.0000        66,960

Bananas            28,520        1.1500        32,798

Total      62,000   99,758

2. NFP's flexible budget allows how many kg's of inputs for the most current operating period:

a) 60,000 kg

b) 62,000 kg

c) 62,400 kg

d) 83,333 kg

3. The total price variance is:

a) $1,922 U

b) $3,258 U

c) $3,258 F

d) $2,604 F

4. The net mix variance is:

a) $1,922 U

b) $3,258 U

c) $3,258 F

d) $2,604 F