What is Yatoro yield variance

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Reference no: EM133070830

Question - Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 500 gallons of one liquid is as follows:

Liquid Chemical

Qty. in Gallons

Cost per Gallon

Total Cost

Salve

100

P2.00

P200

Clarity

300

0.75

225

Tanggo

225

1.00

225

 

625

 

P650

There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the standard materials cost for a 10-gallon bottle is P13.

A total of 4,000 bottles (40,000 gallons) were produced during November. The actual quantities and costs of the materials placed in production during November were as follows:

Liquid Chemical

Qty. in Gallons

Total Cost

Tanggo

18,540

P16,686

Salve

8,480

17,384

Clarity

25,200

17,640

Required - What is Yatoro's yield variance?

Reference no: EM133070830

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