DOTCH STE SE TOROWE Chemical Echol Protex Benz CT-40 Total Echol Protex Benz CT-40 Mix Total 200 liters 100 250 50 600 ters SP $0.200 0.425 0.150 0,300 Standard Cost $40.00 42.50 37.50 15.00 The quantities of chemicals purchased and used during the current production period are shown in the following schedule. A total of 120 batches of Gas Gain were manufactured during the current production period. Energy Products determines its cost and chemical usage variations at the end of each production period, Chemical Quantity Used 22,800 ters 11,040 32,400 6,480 72,720 ters $135.00 Required: Compute the total direct materials usage variance, and then break down this variance into its mix and yield components. Do not round intermediate computations and round final answers to the nearest cent. (CMA adapted)
DOTCH STE SE TOROWE Chemical Echol Protex Benz CT-40 Total Echol Protex Benz CT-40 Mix Total 200 liters 100 250 50 600 ters SP $0.200 0.425 0.150 0,300 Standard Cost $40.00 42.50 37.50 15.00 The quantities of chemicals purchased and used during the current production period are shown in the following schedule. A total of 120 batches of Gas Gain were manufactured during the current production period. Energy Products determines its cost and chemical usage variations at the end of each production period, Chemical Quantity Used 22,800 ters 11,040 32,400 6,480 72,720 ters $135.00 Required: Compute the total direct materials usage variance, and then break down this variance into its mix and yield components. Do not round intermediate computations and round final answers to the nearest cent. (CMA adapted)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![batch are as TOROWS!
Chemical
Echol
Protex
Benz
CT-40
Total
Echol
Protex
Benz
CT-40
Total
Denz
CT-40
Total
Chemical
Echol
The quantities of chemicals purchased and used during the current production period are shown in the following schedule. A total of 120 batches of Gas Gain were
manufactured during the current production period. Energy Products determines its cost and chemical usage variations at the end of each production period,
Chemical
Quantity Used
22,800 sters
11,040
32,400
6,480
72,720 liters
Protex
Benz
CT-40
Total
200 liters
100
Mix
250
Usage variance
Mix variance
50
Yield variance
600 liters
Required:
Compute the total direct materials usage variance, and then break down this variance into its mix and yield components. Do not round intermediate computations
and round final answers to the nearest cent. (CMA adapted)
250
50
$0.200
600 liters
SP
0.425
0.150
0.300
0.150
0.300
The quantities of chemicals purchased and used during the current production period are shown in the following schedule. A total of 120 batches of Gas Gain were
manufactured during the current production period. Energy Products determines its cost and chemical usage variations at the end of each production period.
Quantity Used
22,800 liters
11,040
Standard Cost
X
x
162 ✔
$40.00
42.50
37.50
15.00
$135.00
32,400
6,480
72.720 liters
Required:
Compute the total direct materials usage variance, and then break down this variance into its mix and yieldcomponents. Do not round intermediate computations
and round final answers to the nearest cent. (CMA adapted)
37.50
15.00
$135.00
Unfavorable
-x](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F27c9ffc8-caf5-4a01-9236-94db3faf410c%2F5eb5553e-638c-4a1d-98ac-f85fe4b70591%2Fm1feqq4_processed.jpeg&w=3840&q=75)
Transcribed Image Text:batch are as TOROWS!
Chemical
Echol
Protex
Benz
CT-40
Total
Echol
Protex
Benz
CT-40
Total
Denz
CT-40
Total
Chemical
Echol
The quantities of chemicals purchased and used during the current production period are shown in the following schedule. A total of 120 batches of Gas Gain were
manufactured during the current production period. Energy Products determines its cost and chemical usage variations at the end of each production period,
Chemical
Quantity Used
22,800 sters
11,040
32,400
6,480
72,720 liters
Protex
Benz
CT-40
Total
200 liters
100
Mix
250
Usage variance
Mix variance
50
Yield variance
600 liters
Required:
Compute the total direct materials usage variance, and then break down this variance into its mix and yield components. Do not round intermediate computations
and round final answers to the nearest cent. (CMA adapted)
250
50
$0.200
600 liters
SP
0.425
0.150
0.300
0.150
0.300
The quantities of chemicals purchased and used during the current production period are shown in the following schedule. A total of 120 batches of Gas Gain were
manufactured during the current production period. Energy Products determines its cost and chemical usage variations at the end of each production period.
Quantity Used
22,800 liters
11,040
Standard Cost
X
x
162 ✔
$40.00
42.50
37.50
15.00
$135.00
32,400
6,480
72.720 liters
Required:
Compute the total direct materials usage variance, and then break down this variance into its mix and yieldcomponents. Do not round intermediate computations
and round final answers to the nearest cent. (CMA adapted)
37.50
15.00
$135.00
Unfavorable
-x
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education