The firm's standard mix on inputs for a finished goods unit is 1 units of input A for 4 units of input B. The standard price for input A is $4 and the standard price for input B is $2.   At standard mix, the standard number of input units per finished goods unit is 5. The firm's actually completed 40,000 finished goods units and used 180,000 input units.   What is the firm's yield variance?   a. 48,000 Favorable b. 48,000 Unfavorable c. 24,000 Favorable d. 24,000 Unfavorabl

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A: Direct labor  time variance =  Standard rate per hour × (Standard  hours - Actual hours)

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A: Variance arises when the actual costs differ from the standard costs. The results are favorable…

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A: Given the following information: Question 1): Fixed costs: $276,000 Selling price per unit: $117…

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A: In sales variance it is generally divided into two parts sales volume variance and sales price…

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A: A variance is the difference, for a given item or activity, between the actual cost incurred and the…

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A: BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

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A: Fixed costs remain constant with the change in level of production but variable costs change as the…

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A: Ans. Contribution margin is calculated by deducting variable cost from total sales.

Q: Assume the following: • The standard price per pound is $3.00. • The actual quantity of materials…

A: The variance is the difference between the actual and standard cost of production data. The variance…

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A: Optimal transfer price for the transferer division would be the minimum transfer price that the…

Q: What is the DM Price Variance, given the following info: Actual Costs = 4,600 lbs. at $5.50…

A: Direct Material price variance can be calculated as below  Standard price * Actual Quantity - Actual…

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A: Introduction: When there is constraint of machine hours for production of units, company tries to…

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A: Sales volume variance: It implies to a change or variation in the budgeted quantity of product…

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A: Variance: It implies to a change in the standardized and actual results. It refers to a change or…

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A: Direct material quantity variance = (Standard quantity  - Actual  quantity)×standard rate

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A: Labour rate variance: Labour rate variance is the difference between the actual rate per hour and…