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Calculating the Yield 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 18 glant-size sausage pizzas. SP Direct Material Mix Mix Proportion Standard Cost Tomato sauce 10 ibs. 0.325 $1.50 $15.00 Cheese 1 0.365 2.90 31.90 Sausage 0.310 2.00 18.00 Total 30 ibs. $64.90 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,200 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 840 pounds were cheese, and the remaining 480 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.60 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. 3.61 v per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,200 pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. 1,625 x Unfavorable 5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 1,225 pizzas? How would that affect the yield variance? The yield variance would be Favorable

Calculating the Yield 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 18 glant-size sausage pizzas. SP Direct Material Mix Mix Proportion Standard Cost Tomato sauce 10 ibs. 0.325 $1.50 $15.00 Cheese 1 0.365 2.90 31.90 Sausage 0.310 2.00 18.00 Total 30 ibs. $64.90 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,200 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 840 pounds were cheese, and the remaining 480 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.60 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. 3.61 v per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,200 pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. 1,625 x Unfavorable 5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 1,225 pizzas? How would that affect the yield variance? The yield variance would be Favorable

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter11: Differential Analysis And Product Pricing
Section: Chapter Questions
Problem 22E: Total cost method of product pricing Based on the data presented in Exercise 17, assume that Smart...
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Calculating the Yield 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 18 glant-size sausage pizzas. Direct Material Mix Proportion Mix SP Standard Cost Tomato sauce 10 ibs. 0.325 $1.50 $15.00 Cheese 11 0.365 2.90 31.90 Sausage 9. 0.310 2.00 18.00 Total 30 (bs. $64.90 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,200 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 840 pounds were cheese, and the remaining 480 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.60 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. 3.61 v per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,200 v pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. 1,625 x Unfavorable 5. What if the total 2,000 pounds of direct materials put into process resuited in a yield of 1,225 pizzas? How would that affect the yield variance? The yield variance would be Favorable Feedback *Check My Work 1. Yield ratio= Total output + Total input 2. Spy Standard cost of the yield (equal to total cost of a standard batch divided by the amount of the yield) 3. Standard yleld = Yield ratio x Total actual inputs 4. Yleld variance - (Standard yield - Actual yield) x Spy
Transcribed Image Text:Calculating the Yield 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 18 glant-size sausage pizzas. Direct Material Mix Proportion Mix SP Standard Cost Tomato sauce 10 ibs. 0.325 $1.50 $15.00 Cheese 11 0.365 2.90 31.90 Sausage 9. 0.310 2.00 18.00 Total 30 (bs. $64.90 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,200 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 840 pounds were cheese, and the remaining 480 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.60 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. 3.61 v per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,200 v pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. 1,625 x Unfavorable 5. What if the total 2,000 pounds of direct materials put into process resuited in a yield of 1,225 pizzas? How would that affect the yield variance? The yield variance would be Favorable Feedback *Check My Work 1. Yield ratio= Total output + Total input 2. Spy Standard cost of the yield (equal to total cost of a standard batch divided by the amount of the yield) 3. Standard yleld = Yield ratio x Total actual inputs 4. Yleld variance - (Standard yield - Actual yield) x Spy
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