Simple mix and yield variances A company makes a masonry sealing compound. Mate- rial standards for 5,000 gallons of the product follow:

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Material C-QM C-QR. C-ZN Totals Quantity Price Total (Gallons) (Gallon) Cost 2,500 $4.00 $10,000 1,500 2.00 3,000 1,000 5,000 6.00 6,000 $19,000 The company manufactured 28,000 gallons in the week just ended. The actual materials used are as follows: Material Quantity Price (Gallons) (Gallon) Cost Total C-QM 16,500 $3.80 $ 62,700 C-QR. 8,800 2.30 20,240 C-ZN 4,500 7.00 31,500 Totals 29,800 $114,440