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How much is the materials yield variance

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Question - Mina Company is producing their bottle requirements. For each case of 24 eight-ounce bottles, the entity prescribed the following standard product mix: Material A @ 2.4 lb, $50/lbs; Material B @ 6 lb, $22/lbs and Material C @ 1.6 lbs, $15/lb.

During the month of August, 25,000 cases were produced from an input of:

Material

Pounds

Cost Per Pound

A

63,700

$49

B

125,200

20.50

C

48,100

16

Required -

a. How much is the materials mix variance?

b. How much is the materials yield variance?

Reference no: EM133071524

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