Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutic chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the Direct Material Standard Mix Standard Unit Price Standard Cost Aranol 4,800 gallons $6.00 per gallon $28,800 Lendyl 15,200 8.00 121,600 Total 20,000 gallons $150,400 Yield 16,000 gallons During March, the following actual production information was provided: Direct Material Actual Mix Aranol 70,000 gallons Lendyl 130,000 Total 200,000 gallons

Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutic chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the Direct Material Standard Mix Standard Unit Price Standard Cost Aranol 4,800 gallons $6.00 per gallon $28,800 Lendyl 15,200 8.00 121,600 Total 20,000 gallons $150,400 Yield 16,000 gallons During March, the following actual production information was provided: Direct Material Actual Mix Aranol 70,000 gallons Lendyl 130,000 Total 200,000 gallons

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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