Unit standard costs and mix and yield variances The Littlefield Baking Company makes a popular whole-grain bread, which it sells through grocery stores in the region. The bakery uses standard costs to monitor costs and material use. The material standards for the whole-grain bread are presented below:

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Quantity per 1,000 Loaf Price Batch per Material (Pounds) Pound Whole-grain flour Honey 800 $ .26 80 2.20 Milk 400 .40 Yeast 40 3.50 Salt 20 .30 Butter 60 1.80