What was the favourable yield variance for the Opop for June? Select... Gelect... 25 40 5 2
What was the favourable yield variance for the Opop for June? Select... Gelect... 25 40 5 2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Tropikal Co makes fizzy drinks. One of its products, the Opop, requires the following standard input for a litre of output:
Materials
Litres
Cost per litre ($)
($)
Carbonated water
1.50
0.90
0.6
0.3
Flavoured syrup
2.00
0.60
Sugar water
0.3
0.80
0.24
1.2
1.74
During June, 6,000 litres of the Opop were made and sold using the following inputs:
Materials
Actual litres used
Actual cost per litre ($)
Carbonated water
3,800
1.40
Flavoured syrup
1,400
2.10
Sugar water
1,500
0.95
6,700
What was the favourable yield variance for the Opop for June?
Select... V
Select...
$725
$740
$15
$732
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education