Question
Artigas Enterprises uses two materials in the production of its product. The materials, L and M, have the following standards: During January, the following actual
Artigas Enterprises uses two materials in the production of its product. The materials, L and M, have the following standards:
During January, the following actual production information was provided:
Material ????????. Actual Mix
L ??????????.. 15,000 units
M ??????????. 10,000 units
Yield ????????? 18,000 units
What is the materials mix variance?
a. $2,500 (U)
b. $2,000 (F)
c. $2,000 (U)
d. $2,500 (F)
Material L M Yield Standard Mix 1,750 units 750 units 2,000 units Standard Unit Price $0.50 per unit 1.50 per unit Standard Cost $ 875 $1,125
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Business Statistics A Decision Making Approach
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
9th Edition
013302184X, 978-0133021844
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