COMPUTE FOR THE MATERIALS MIX VARIANCE COMPUTE FOR THE MATERIALS YIELD VARIANCE
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MARINA Bottlers Inc, a leading soft drinks company is producing their bottle requirements. For each case of 34 eight-ounce bottles, the company prescribed the following standard product mix: Material A @ 2.4 lb, P50/bs; Material B @6lb, P22/lbs and Material C @1.6 lbs, P15/lb.
During the month of August, 25,000 cases were produced from an input of:
|
Material |
Pounds |
Cost/lb |
|
A |
63,700 |
P49.00 |
|
B |
125,200 |
20.50 |
|
C |
48,100 |
16.00 |
REQUIRED:
COMPUTE FOR THE MATERIALS MIX VARIANCE
COMPUTE FOR THE MATERIALS YIELD VARIANCE
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- Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The company's policy is to have enough material on hand to equal 10% of the next month's production needs and to maintain a finished goods inventory equal to 25% of the next month's production needs. PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) Cost per Pound Desired Ending Inventory DM per Unit Units to be Produced Pounds Needed for Production Required DM Pounds Beginning Inventory Total Cost of DM Purchase Total DM Required Using the information aboye, along with the terms above, prepare a direct materials (DM) budget…Due to evaporation during production, Plano Plastics Company requires 8 pounds of material input for every 7 pounds of good plastic sheets manufactured. During May, the company produced 4,200 poundsof good sheets.Required: Compute the total standard allowed input quantity, given the good output produced.Genuine Spice Inc. began operations on January 1 of the current year. The company produces8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in12-bottle cases for $100 per case. There is a selling commission of $20 per case. The Januarydirect materials, direct labor, and factory overhead costs are as follows: Part A—Break-Even AnalysisThe management of Genuine Spice Inc. wishes to determine the number of cases required tobreak even per month. The utilities cost, which is part of factory overhead, is a mixed cost. Thefollowing information was gathered from the first six months of operation regarding this cost: Month Case Production Utility Total CostJanuary 500 $600February 800 660March 1,200 740April 1,100 720May 950…
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