The standard product mix for making 12,500 tubes of liquid solder is:Cost/ unitTotal Cost90.00250.00250.00Kgs.Material AMaterial BMaterial C1,500.00625.001,000.000.060.400.25During April, 77,500 tubes were produced from an input of:Kgs.Cost/ unitTotal CostMaterial AMaterial B8,750.003,750.000.0560.3800.280490.001,425.00Material C6,250.001,750.00Compute for the materials yield variance. Indicate whether favorable or unfavorable.

We have to convert standard data to Actual Data Material A 1500 Material B. 625 Material C. 1000…

Answered: naterials yield variance.

Business

Accounting

naterials yield variance.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.

Question

The standard product mix for making 12,500 tubes of liquid solder is:
Cost/ unit
Total Cost
90.00
250.00
250.00
Kgs.
Material A
Material B
Material C
1,500.00
625.00
1,000.00
0.06
0.40
0.25
During April, 77,500 tubes were produced from an input of:
Kgs.
Cost/ unit
Total Cost
Material A
Material B
8,750.00
3,750.00
0.056
0.380
0.280
490.00
1,425.00
Material C
6,250.00
1,750.00
Compute for the materials yield variance. Indicate whether favorable or unfavorable.

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