Production of each unit of 001 requires 8 lbs. of B at a cost of P9 per lb. and 4 lbs. of X at P11.20 per lb. However, for production of 1,000 units of 001 10,000 lbs. were used, 75% of which was for material B at a cost of P8 per lb. for B and P9 per lb. for X. What is the material price, mix, and yield and quantity variance?

Production of each unit of 001 requires 8 lbs. of B at a cost of P9 per lb. and 4 lbs. of X at P11.20 per lb. However, for production of 1,000 units of 001 10,000 lbs. were used, 75% of which was for material B at a cost of P8 per lb. for B and P9 per lb. for X. What is the material price, mix, and yield and quantity 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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