35. (Appendix) Genine Nut Company produces 12-ounce cans of mixed pecans and cashews. Standard and actual information

Question:

35. (Appendix) Genine Nut Company produces 12-ounce cans of mixed pecans and cashews. Standard and actual information follows.

Standard quantities and costs (12-oz. can):

Pecans: 6 ounces at $3.00 per pound $1.125 Cashews: 6 ounces at $4.00 per pound 1.500 Actual quantities and costs for February 2001 when production was 18,000, 12-oz. cans:

Pecans: 7,473 pounds at $2.90 per pound Cashews: 6,617 pounds at $4.25 per pound Determine the material price, mix, and yield variances.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Cost Accounting Traditions And Innovations

ISBN: 9780324180909

5th Edition

Authors: Jesse T. Barfield, Cecily A. Raiborn, Michael R. Kinney

Question Posted: