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 17 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 lbs.   0.325     $1.50     $15.00   Cheese 11     0.360     2.70     29.70   Sausage 9     0.315     2.10     18.90       Total 30 lbs.               $63.60   Mangia put a batch of 2,000 pounds of direct materials (enough for 1,133 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 880 pounds were cheese, and the remaining 440 pounds were sausage. The actual yield was 760 pizzas. 1. 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. fill in the blank  2. 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.

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Chapter1: Financial Statements And Business Decisions
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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 17 giant-size sausage pizzas.

Direct Material Mix Mix Proportion SP Standard Cost
Tomato sauce 10 lbs.   0.325     $1.50     $15.00  
Cheese 11     0.360     2.70     29.70  
Sausage 9     0.315     2.10     18.90  
    Total 30 lbs.               $63.60  

Mangia put a batch of 2,000 pounds of direct materials (enough for 1,133 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 880 pounds were cheese, and the remaining 440 pounds were sausage. The actual yield was 760 pizzas.

1. 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.
fill in the blank 

2. 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.
$fill in the blank

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