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TB MC Qu. 17-32 (Algo) Ingredient A12H is a material used to make... Ingredient A12H is a material used to make Calvin Corporation's major product. The standard cost of Ingredient A12H is $26.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below: Cost of material purchased in October Material purchased in October Material used in production in October Actual output in October $ 26.10 per ounce 2,450 ounces 2,150 ounces 630 units The material was purchased on account and Calvin Corporation uses a standard costing system. The Material Efficiency Variance for October would be recorded as a: TB MC Qu. 17-94 (Algo) A company makes a product using two materials, one of which... A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 200-pound batch are presented below. The last 200-pound batch was produced using 170 pounds of Mand 120 pounds of O. The price of M was $0.03 per pound and the actual price of O was $0.10. Total Material Cost Standard Quantity (lbs) 0 110 90 Standard Cost/lb. $0.10 0.08 0.02 $ O I 0 8.80 1.80 M 200 $10.60 What is the material mix variance