Compute for Materials yield variance Bonarita Merger products the popular Walangkati face powder and has in its budget the following standards forone kilo of the face powder:Ingredients.(Input)Paminta (20%)Gawgaw (70%)Atsuete (10%)Standard Quantity(Grams)Standard Unit CostStandard CostP 3.00P 4.00P 600P 2,800_P 500200700100P 5.00ТOTAL1,000P 3,900The company reported the following production and cost data for the period:Standard Quantity(Grams)45,000125,000Ingredients(Input)Standard Unit CostStandard CostP 4.00P 3.00P 6.00PamintaP 180,000GawgawP 375,000P 180,000P 735,000Atsuete30,000ТOTAL200,000Walangkati face powder production totalled 190 kilos.

Name: Compute for Materials yield variance Bonarita Merger products the popu
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Description: Compute for Materials yield variance Bonarita Merger products the popular Walangkati face powder and has in its budget the following standards forone kilo of the face powder:Ingredients.(Input)Paminta (20%)Gawgaw (70%)Atsuete (10%)Standard Quantity(G

Materials yield variance occurs when there is more than 1 raw material used and standard ratio of…

Business

Accounting

Bonarita Merger products the popular Walangkati face powder and has in its budget the following standards for one kilo of the face powder: Ingredients (Input) Paminta (20%) Gawgaw (70%) Standard Quantity (Grams) Standard Unit Cost Standard Cost 200 P 3.00 P 600 P 2,800 P 500 P 3,900 700 P 4.00 Atsuete (10%) 100 P 5.00 ТOTAL 1,000 The company reported the following production and cost data for the period: Standard Quantity (Grams) Ingredients (Input) Standard Unit Cost Standard Cost P 4.00 P 3.00 Paminta 45,000 P 180,000 P 375,000 P 180,000 P 735,000 Gawgaw 125,000 Atsuete 30,000 P 6.00 ТOTAL 200,000 Walangkati face powder production totalled 190 kilos.

Bonarita Merger products the popular Walangkati face powder and has in its budget the following standards for one kilo of the face powder: Ingredients (Input) Paminta (20%) Gawgaw (70%) Standard Quantity (Grams) Standard Unit Cost Standard Cost 200 P 3.00 P 600 P 2,800 P 500 P 3,900 700 P 4.00 Atsuete (10%) 100 P 5.00 ТOTAL 1,000 The company reported the following production and cost data for the period: Standard Quantity (Grams) Ingredients (Input) Standard Unit Cost Standard Cost P 4.00 P 3.00 Paminta 45,000 P 180,000 P 375,000 P 180,000 P 735,000 Gawgaw 125,000 Atsuete 30,000 P 6.00 ТOTAL 200,000 Walangkati face powder production totalled 190 kilos.

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Question

Compute for Materials yield variance

Bonarita Merger products the popular Walangkati face powder and has in its budget the following standards for
one kilo of the face powder:
Ingredients.
(Input)
Paminta (20%)
Gawgaw (70%)
Atsuete (10%)
Standard Quantity
(Grams)
Standard Unit Cost
Standard Cost
P 3.00
P 4.00
P 600
P 2,800
_P 500
200
700
100
P 5.00
ТOTAL
1,000
P 3,900
The company reported the following production and cost data for the period:
Standard Quantity
(Grams)
45,000
125,000
Ingredients
(Input)
Standard Unit Cost
Standard Cost
P 4.00
P 3.00
P 6.00
Paminta
P 180,000
Gawgaw
P 375,000
P 180,000
P 735,000
Atsuete
30,000
ТOTAL
200,000
Walangkati face powder production totalled 190 kilos.

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