2. Materials Price, Mix and Yield Variances SM-Ayala Merger produces the popular "3N1" Cologne that has gone viral in social media. The merger has established the following standards for one kilo of "3N1" Cologne: Ingredients Patis Toyo Suka TOTAL Standard Quantity 500 grams (50%) 400 grams (40%) 100 grams (10%) 1.000 grams (100%) Toyo Suka TOTAL The company reported the following production and cost data for the July 2021 operations: Ingredients Actual Quantity Actual Unit Price Patis P 2.00 60,000 30,000 10,000 100,000 Standard Unit Cost P 3.00 P 4.00 P 5.00 1. Total materials cost variance 2. Materials price variance 3. Material mix variance 4. Material yield variance SM-Ayala company produced 90 kilos of "3n1" cologne in July 2021. REQUIRED: P 5.00 P 4.00 Standard Cost P 1,500 P 1,600 P 500 P 3,600 Actual Cost P 120,000 P 150,000 P 40,000 P 310,000

2. Materials Price, Mix and Yield Variances SM-Ayala Merger produces the popular "3N1" Cologne that has gone viral in social media. The merger has established the following standards for one kilo of "3N1" Cologne: Ingredients Patis Toyo Suka TOTAL Standard Quantity 500 grams (50%) 400 grams (40%) 100 grams (10%) 1.000 grams (100%) Toyo Suka TOTAL The company reported the following production and cost data for the July 2021 operations: Ingredients Actual Quantity Actual Unit Price Patis P 2.00 60,000 30,000 10,000 100,000 Standard Unit Cost P 3.00 P 4.00 P 5.00 1. Total materials cost variance 2. Materials price variance 3. Material mix variance 4. Material yield variance SM-Ayala company produced 90 kilos of "3n1" cologne in July 2021. REQUIRED: P 5.00 P 4.00 Standard Cost P 1,500 P 1,600 P 500 P 3,600 Actual Cost P 120,000 P 150,000 P 40,000 P 310,000

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Description: 2. Materials Price, Mix and Yield VariancesSM-Ayala Merger produces the popular "3N1" Cologne that has gone viral in social media. The mergerhas established the following standards for one kilo of "3N1" Cologne:IngredientsPatisToyoSukaTOTALIngredien

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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