Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated to produce a chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the following standards: Direct Material Standard Mix 2,000 gallons 18,000 20,000 galloks 16,000 gallons During March, the following actual production information was provided: Aranol Lendyl Total Yield Standard Unit Price $5.00 per gallon 7.00 Standard Cost $10,000 126,000 $135,000
Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated to produce a chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the following standards: Direct Material Standard Mix 2,000 gallons 18,000 20,000 galloks 16,000 gallons During March, the following actual production information was provided: Aranol Lendyl Total Yield Standard Unit Price $5.00 per gallon 7.00 Standard Cost $10,000 126,000 $135,000
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 34P: Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems....
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