Calculating the Direct Materials Mix VarianceMangia 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 16 giant-size sausage pizzas. Calculating the Direct Materials Mix VarianceMangia 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 16 giant-size sausage pizzas.Direct MaterialMixMix ProportionSPStandard CostTomato sauce9.60 Ibs0.320$1.50$14.40Cheese10.950.3652.8030.66Sausage9.450.3152.0018.90Total30.00 lbs$63.96Mangia put a batch of 2,000 pounds of direct materials (enough for 1,067 frozen sausage pizzas) into process. Of the total, 600 pounds were tomato sauce, 820 pounds were cheese, and the remaining 580 pounds were sausage. The actual yieldwas 780 pizzas.Required:1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage.SMTomato sauceх рoundsCheeseХ рoundsSausageх рounds2. Calculate the mix variance.X Unfavorable3. Calculate the actual proportion used of tomato sauce, cheese, and sausage.Actual mix proportionTomato sauceх %CheeseX %SausageX %

Name: Calculating the Direct Materials Mix VarianceMangia Pizza Company make
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Description: Calculating the Direct Materials Mix VarianceMangia 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 16 giant-size sausage pizzas. Cal

Standard Product Mix for 16 Giant Size Pizza Standard Qty for 16 Units of Pizza ( A)…

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Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. SM |x pounds |x pounds |x pounds Tomato sauce Cheese Sausage 2. Calculate the mix variance. |x Unfavorable 3. Calculate the actual proportion used of tomato sauce, cheese, and sausage. Actual mix proportion Tomato sauce X % Cheese X % Sausage X %

Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. SM |x pounds |x pounds |x pounds Tomato sauce Cheese Sausage 2. Calculate the mix variance. |x Unfavorable 3. Calculate the actual proportion used of tomato sauce, cheese, and sausage. Actual mix proportion Tomato sauce X % Cheese X % Sausage X %

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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