In a chemical reaction, Lakeshore Chemicals obtained an actual yield of 58.4 grams of a product, while the theoretical yield was 64.5 grams. Calculate the percent yield for this reaction.
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- The standard cost of chemical mixture is as thus: 40% material R at Rs.25 per kg. 60% material S at Rs. 40 per kg. A standard loss of 10% of input is expected in production. The cost records for a period showed the following usage: 90 kgs material R at a cost of Rs. 22 per kg. 110 kgs material S at a cost of Rs. 45 per kg. The quantity produced was 186 kgs of good product. Calculate the MCV, MPV, MUV,MMV, MMYA total of 6,850 kg of a raw material was purchased at a total cost of P21,920. The material price variance was P1,370 favorable. The standard price per kg for the raw material must be?A company manufactures a chemical using two components. A and B. The standard information for one unit of the chemical is as follows. $ Material A 10 kg at $4 per kg 40 Material B 20 kg at $6 per kg 120 160 In a particular period, 160 units chemical were produced, using 1000 kgs of material A and 1460 kgs of material B. Required: Calculate the material usage, mix, and yield variance for each material.
- A total of 6,850 kg of a raw material was purchased at a total cost of P21,920. The material price variance was P1,370 favorable. The standard price per kg for the raw material must be: a. 3.40 b. 1000 c. 1.29Sheffield Enterprises purchased 54,000 gallons of direct materials during the year at a price of $2.00 per gallon. Sheffield's direct materials price variance was $4,320 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.) Standard price $ /galSheffield Enterprises purchased 54,000 gallons of direct materials during the year at a price of $2.00 per gallon. Sheffield's direct materials price variance was $4,320 Favorable. Calculate the standard price per gallon of direct materials. (Round answer to 2 decimal places, e.g. 15.25.) Standard price $ eTextbook and Media /gal
- A total of 6,850 kilograms of a raw material was purchased at a total cost of $21,920. The materials price variance was $1,370 favorable. The standard price per kilogram for the raw material must be:Assume the following: . The standard price per pound Is $2.35. . The standard quantity of pounds allowed per unit of finished goods is 4 pounds, • The actual quantity of materlals purchased was 53,000 pounds, whereas the quantity of materlals used In production was 51,000 pounds. The actual purchase price per pound of materlals was $2.25. • The company produced 13,000 units of finlshed goods during the perlod. What Is the materlals quantity varlance? Multiple Choice $4.700 F $2,250 F $2,350 F $4,500 F1. A quantity of a particular raw material was purchased for $43,250. The standard cost of the material was $2.00 per kilogram and there was an unfavorable materials price variance of $3,250. How many kilograms were purchased? 2. The standard direct material cost to produce a unit of Lem is 4 meters of material at $2.50 per meter. During May of the current year, 4,200 meters of material costing $10,080 were purchased and used to produce 1,000 units of Lem. What was the material price variance for May?
- Assume the following: . The standard price per pound Is $2.35. . The standard quantity of pounds allowed per unit of finished goods is 4 pounds. • The actual quantity of materlals purchased was 53,000 pounds, whereas the quantity of materlals used in production was 51,000 pounds. • The actual purchase price per pound of materlals was $2.25. • The company produced 13,000 units of finished goods during the perlod. What Is the materlals quantity varlance? Multiple Choice $4,700 F $2.250 F $2.350 F $4,500 FCan you explain this general accounting question using accurate calculation methods?Assume the following: . The standard price per pound Is $2.00. . The standard quantity of pounds allowed per unit of finished goods Is 4 pounds. The actual quantity of materlals purchased and used In production Is 50,000 pounds. The materlals price varlance is $12,000 U. • The company produced 13,000 units of finished goods during the period. The actual price per pound of direct materlals Is closest to: Multiple Choice $2.24 $214. $1.74. $1.84.