Vibrant Paints Co manufactures and sells paints. Business Unit A of the company makes a paint called Micra. Micra is made using three key materials: R, S and T.At the end of period 1, a total material cost variance of $4,900 adverse was correctly recorded for Micra.The following information relates to Micra for period 1:MaterialRSTStandard costper litre ($)63O $800 adverse5045Actual costper litre ($)625148Actual usage(litres)1,9002,8001,300The standard ratio of mixing material R, material S and material Tis 30:50:20.The material price variance for Micra has been correctly calculated as $4,800 adverse.What is the total material yield variance for Micra for period 17O $900 adverseO $800 favourableO $700 favourable

Name: Vibrant Paints Co manufactures and sells paints. Business Unit A of t
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Description: Vibrant Paints Co manufactures and sells paints. Business Unit A of the company makes a paint called Micra. Micra is made using three key materials: R, S and T.At the end of period 1, a total material cost variance of $4,900 adverse was correctly re

Formula needed to calculate :-Total material cost variance = Material price variance + Material…

Answered: What is the total material yield…

Business

Accounting

What is the total material yield variance for Micra for period 17 O $900 adverse $800 favourable O $700 favourable $800 adverse

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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Subject-Acounting
Subject :- Accounting
QUESTION 54 Cost AccountingChoose the answer from the choices
Number 1 fill in table
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