Question
1. At the standard mix, the standard input price per finished goods unit is $1.50, and the standard number of input units per finished goods
1.
At the standard mix, the standard input price per finished goods unit is $1.50, and the standard number of input units per finished goods unit is 9.
The firm's actually completed 30,000 finished goods units and used 115,000 input units.
What is the firm's yield variance?
NOTE: only input a number, without indicating favorability. For simplicity, the correct variance calculation will lead to a positive number. Just input that number, rounding the final answer to cents.
2.
The firm has two labor inputs: senior and junior laborer. The standard mix is 1 senior laborer hour per 6 junior laborer hours. Four total hours is the standard hour of input for a single finished goods unit. Senior laborers cost $24 per hour, and junior laborers cost $10 per hour.
The firm has actually completed 10,933 finished goods units and used 35,847 total labor hours.
What is the firm's yield variance?
NOTE: only enter a number, without indicating favorability. For simplicity, the correct variance calculation will lead to a positive number. Just input that number, rounding the final answer to cents.
3.
A firm has two substitutable inputs for one product: natural and synthetic. The firm understands these two inputs to be substitutable. The firm's standard mix is 2 natural units for every 9 synthetic units.
Each natural unit costs $220.
Each synthetic unit costs $76.
The firm actually used 7,485 natural units and 10,004 synthetic units.
What is the firm's mix variance for these input units?
NOTE: only input a number, without indicating favorability. For simplicity, the correct variance calculation will lead to a positive number. Just input that number, rounding the final answer to cents.
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