Question
In: Accounting
Standard ingredients and cost for 80kg of jam is As follows Kg. Price /kg Blueberries 15...
Standard ingredients and cost for 80kg of jam is
As follows
Kg. Price /kg
Blueberries 15 $ .48
Blackberries. 60 $ .42
Raspberries 25 $. .36
Company produced 240000 kg of jam
Used
Kg. Price /kg
Blueberries 58000. .45
Black berries 176000 .42
Raspberries 86000 .33
Total mix variance and tied variances for the production
is
A) mix variance 240 unfavourable and yield variance 0
B) mix variance 240 unfavourable and yield variance 8280
unfavourable
C). mix variance 2245 favourable and yield
variance 8280 unfavourable
D) mix variance 2245 favourable and yield
variance 8520 unfavourable
Solutions
Expert Solution
| Ans. | Option b Mix variance: 240 U; Yield variance: 8280 U | |||||||
| SQ | SP | SC | AQ | AP | AC | RSQ | ||
| Blueberries | 45000 | 0.48 | 21600 | 58000 | 0.45 | 26100 | 48000 | |
| Blackberries | 180000 | 0.42 | 75600 | 176000 | 0.42 | 73920 | 192000 | |
| Raspberries | 75000 | 0.36 | 27000 | 86000 | 0.33 | 28380 | 80000 | |
| Total | 300000 | 124200 | 320000 | 128400 | 320000 | |||
| Mix variance = (RSQ - AQ) * SP | ||||||||
| Blueberries | (48000 - 58000) * 0.48 | -4800 | ||||||
| Blackberries | (192000 - 176000) * 0.42 | 6720 | ||||||
| Raspberries | (80000 - 86000) * 0.36 | -2160 | ||||||
| Total mix variance | -240 | |||||||
| Yield variance = (SQ - RSQ) * SP | ||||||||
| Blueberries | (45000 - 48000) * 0.48 | -1440 | ||||||
| Blackberries | (180000 - 192000) * 0.42 | -5040 | ||||||
| Raspberries | (75000 - 80000) * 0.36 | -1800 | ||||||
| Total Yield variance | -8280 | |||||||
| *Calculation of SQ (Standard quantity): | ||||||||
| Blueberries | (240000/80*15) | 45000 | ||||||
| Blackberries | (240000/80*60) | 180000 | ||||||
| Raspberries | (240000/80*25) | 75000 | ||||||
| *Calculation of RSQ (Revised standard quantity): | ||||||||
| Blueberries | 45000 / 300000 * 320000 | 48000 | ||||||
| Blackberries | 180000 / 300000 * 320000 | 192000 | ||||||
| Raspberries | 75000 / 300000 * 320000 | 80000 | ||||||
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Round all Unit values to 2 decimal places. Round all other answers
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Enter all variances...
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