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Calculating the Direct Materials Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia develope the following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausage pizzas. Direct Material Tomato sauce Cheese Sausage Total Mix 12.80 lbs 14.40 12.80 40.00 lbs Tomato sauce Cheese Sausage Mix Proportion .0.320 0.360 0.320 SM SP $1.40 2.90 2.00 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) int process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 760 pizzas. Standard Cost Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. pounds pounds pounds $17.92 41.76 25.60 $85.28

Calculating the Direct Materials Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia develope the following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausage pizzas. Direct Material Tomato sauce Cheese Sausage Total Mix 12.80 lbs 14.40 12.80 40.00 lbs Tomato sauce Cheese Sausage Mix Proportion .0.320 0.360 0.320 SM SP $1.40 2.90 2.00 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) int process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 760 pizzas. Standard Cost Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. pounds pounds pounds $17.92 41.76 25.60 $85.28

FINANCIAL ACCOUNTING
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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Calculating the Direct Materials Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausage pizzas. Direct Material Tomato sauce Cheese Sausage Total Mix 12.80 lbs 14.40 12.80 Tomato sauce Cheese 40.00 lbs Sausage Mix Proportion SM .0.320 0.360 0.320 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) into process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 760 pizzas. SP $1.40 2.90 2.00 Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. pounds pounds pounds Standard Cost $17.92 41.76 25.60 $85.28
Transcribed Image Text:Calculating the Direct Materials Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausage pizzas. Direct Material Tomato sauce Cheese Sausage Total Mix 12.80 lbs 14.40 12.80 Tomato sauce Cheese 40.00 lbs Sausage Mix Proportion SM .0.320 0.360 0.320 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) into process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 760 pizzas. SP $1.40 2.90 2.00 Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. pounds pounds pounds Standard Cost $17.92 41.76 25.60 $85.28
mapter 9, Assignment 2 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. Tomato sauce Cheese Sausage SM 2. Calculate the mix variance. pounds pounds pounds 3. Calculate the actual proportion used of tomato sauce, cheese, and sausage. Actual mix proportion Check My Work Tomato sauce Cheese Sausage Using the results, would the direction of the mix variance be favorable or unfavorable? % % 4 % 4. What if of the total 2,000 pounds of ingredients put into process, 640 pounds were tomato sauce, 640 pounds were cheese, and 720 pounds were sausage? How would that affect the mix variance? The mix variance will be Next
Transcribed Image Text:mapter 9, Assignment 2 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. Tomato sauce Cheese Sausage SM 2. Calculate the mix variance. pounds pounds pounds 3. Calculate the actual proportion used of tomato sauce, cheese, and sausage. Actual mix proportion Check My Work Tomato sauce Cheese Sausage Using the results, would the direction of the mix variance be favorable or unfavorable? % % 4 % 4. What if of the total 2,000 pounds of ingredients put into process, 640 pounds were tomato sauce, 640 pounds were cheese, and 720 pounds were sausage? How would that affect the mix variance? The mix variance will be Next
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