35. (Appendix) Genine Nut Company produces 12-ounce cans of mixed pecans and cashews. Standard and actual information
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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.
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Related Book For
Cost Accounting Traditions And Innovations
ISBN: 9780324180909
5th Edition
Authors: Jesse T. Barfield, Cecily A. Raiborn, Michael R. Kinney
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