John's Weed-B-Gone yard service sprays lawns to rld them of weeds. John mixes the two chemicals, Weed-X and Pest-O, In proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.00 per gallon and Pesto-O has a standard cost of $24.80 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn. For the past season, John treated 649,000 square yards. He used 4,200 gallons of Weed-X and 4,000 gallons of Pest-O. He paid a total of $35,000 for the Weed-X and $97,200 for the Pest-O. Required: a. Compute the materials price and efficiency variances for the season. b. Compute the materials mix and yield variances for the season. Complete this question by entering your answers in the tabs below. Required A Required B Compute the materials price and efficiency variances for the season. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar) Efficiency Variances Weed-X Pest-O Total Materials Price
John's Weed-B-Gone yard service sprays lawns to rld them of weeds. John mixes the two chemicals, Weed-X and Pest-O, In proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.00 per gallon and Pesto-O has a standard cost of $24.80 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn. For the past season, John treated 649,000 square yards. He used 4,200 gallons of Weed-X and 4,000 gallons of Pest-O. He paid a total of $35,000 for the Weed-X and $97,200 for the Pest-O. Required: a. Compute the materials price and efficiency variances for the season. b. Compute the materials mix and yield variances for the season. Complete this question by entering your answers in the tabs below. Required A Required B Compute the materials price and efficiency variances for the season. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar) Efficiency Variances Weed-X Pest-O Total Materials Price
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please don't give answer in image format and it should be in step by step format and provide fast solution
![**Instructional Guide for Completing the Question on Materials Mix and Yield Variances**
**Task Overview:**
Complete the question by entering your answers in the tabs below.
### Required A | Required B
**Objective:**
Compute the materials mix and yield variances for the season. Follow these guidelines:
1. **Do not round intermediate calculations.**
2. **Indicate the effect of each variance by selecting "F" for favorable or "U" for unfavorable. If there is no effect, do not select either option.**
3. **Enter your answers rounded to the nearest whole dollar.**
### Input Table:
| | Materials Mix | Yield Variances |
|-------------------|---------------|-----------------|
| **Weed-X** | | |
| **Pest-O** | | |
| **Total** | | |
### Instructions for Entries:
- **Materials Mix** and **Yield Variances** columns must be filled out for each material listed (Weed-X and Pest-O).
- Calculate and enter the total variances at the bottom row.
- For each entry, ensure proper designation of the variance type ("F" for Favorable, "U" for Unfavorable).
### Navigation:
- To switch between the entry tabs, use the buttons at the bottom:
- **Required A** << [Navigation Button]
- **Required B** >> [Navigation Button]
**Note:** This layout ensures structured data entry and effective variance analysis. Adhering to the guidance will help accurately compute and classify variances, enabling better decision-making based on the data derived.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ea0d49d-113c-4bcf-8023-35ef3acf17d6%2F1325bd1e-7a65-46c6-95e1-2ce3bf602331%2Fmsd6opx_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Instructional Guide for Completing the Question on Materials Mix and Yield Variances**
**Task Overview:**
Complete the question by entering your answers in the tabs below.
### Required A | Required B
**Objective:**
Compute the materials mix and yield variances for the season. Follow these guidelines:
1. **Do not round intermediate calculations.**
2. **Indicate the effect of each variance by selecting "F" for favorable or "U" for unfavorable. If there is no effect, do not select either option.**
3. **Enter your answers rounded to the nearest whole dollar.**
### Input Table:
| | Materials Mix | Yield Variances |
|-------------------|---------------|-----------------|
| **Weed-X** | | |
| **Pest-O** | | |
| **Total** | | |
### Instructions for Entries:
- **Materials Mix** and **Yield Variances** columns must be filled out for each material listed (Weed-X and Pest-O).
- Calculate and enter the total variances at the bottom row.
- For each entry, ensure proper designation of the variance type ("F" for Favorable, "U" for Unfavorable).
### Navigation:
- To switch between the entry tabs, use the buttons at the bottom:
- **Required A** << [Navigation Button]
- **Required B** >> [Navigation Button]
**Note:** This layout ensures structured data entry and effective variance analysis. Adhering to the guidance will help accurately compute and classify variances, enabling better decision-making based on the data derived.
![### John’s Weed-B-Gone Yard Service Case Study
John’s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Weed-X, and Pest-O, in proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.00 per gallon and Pest-O has a standard cost of $24.80 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn.
For the past season, John treated 649,000 square yards. He used 4,200 gallons of Weed-X and 4,000 gallons of Pest-O. He paid a total of $35,000 for the Weed-X and $97,200 for the Pest-O.
#### Required:
a. Compute the materials price and efficiency variances for the season.
b. Compute the materials mix and yield variances for the season.
Complete this question by entering your answers in the tabs below.
##### Required A
Compute the materials price and efficiency variances for the season. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar)
| | Materials Price | Efficiency Variances |
|-----------------------|-----------------|----------------------|
| **Weed-X** | | |
| **Pest-O** | | |
| **Total** | | |
##### Required B
[Not displayed in the image, hence no details provided]
---
#### Analysis of the Case Study
The case study requires the computation of the following variances:
1. **Materials Price Variance**: The difference between the actual cost of materials and the standard cost.
2. **Materials Efficiency Variance**: The difference between the actual quantity of materials used and the standard quantity expected to be used, valued at the standard cost.
3. **Materials Mix Variance**: The difference due to the variation in the mix or ratio of materials used compared to the standard mix.
4. **Materials Yield Variance**: The difference due to the variation in the total quantity of materials used compared to the standard yield.
By analyzing these](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ea0d49d-113c-4bcf-8023-35ef3acf17d6%2F1325bd1e-7a65-46c6-95e1-2ce3bf602331%2Fxp2pko_processed.jpeg&w=3840&q=75)
Transcribed Image Text:### John’s Weed-B-Gone Yard Service Case Study
John’s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Weed-X, and Pest-O, in proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $10.00 per gallon and Pest-O has a standard cost of $24.80 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn.
For the past season, John treated 649,000 square yards. He used 4,200 gallons of Weed-X and 4,000 gallons of Pest-O. He paid a total of $35,000 for the Weed-X and $97,200 for the Pest-O.
#### Required:
a. Compute the materials price and efficiency variances for the season.
b. Compute the materials mix and yield variances for the season.
Complete this question by entering your answers in the tabs below.
##### Required A
Compute the materials price and efficiency variances for the season. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar)
| | Materials Price | Efficiency Variances |
|-----------------------|-----------------|----------------------|
| **Weed-X** | | |
| **Pest-O** | | |
| **Total** | | |
##### Required B
[Not displayed in the image, hence no details provided]
---
#### Analysis of the Case Study
The case study requires the computation of the following variances:
1. **Materials Price Variance**: The difference between the actual cost of materials and the standard cost.
2. **Materials Efficiency Variance**: The difference between the actual quantity of materials used and the standard quantity expected to be used, valued at the standard cost.
3. **Materials Mix Variance**: The difference due to the variation in the mix or ratio of materials used compared to the standard mix.
4. **Materials Yield Variance**: The difference due to the variation in the total quantity of materials used compared to the standard yield.
By analyzing these
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