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1. for the caramel popcorn component of metchosin mix, what is the material yield variance respectively? favorable or unfavorable 2. what are the direct material
1. for the caramel popcorn component of metchosin mix, what is the material yield variance respectively? favorable or unfavorable
2. what are the direct material efficiency variance for the cheese popcorn components of metchosin mix? favorable or unfavorable
with solutions please
Island Crunchy Popcorn makes a gourmet cheese and caramel popcorn mix that is called "Metchosin Mix". This popcorn mix is sold to major retailers on Vancouver Island and Island Crunchy Popcorn sells each 1-kilogram bag of Metchosin Mix popcorn to the retailers for $20 per bag. The usual batch mixture consists of 100 kilograms of cheese popcorn at a standard cost of $15 per kilogram and 200 kilograms of caramel popcorn at a standard cost of $10 per kilogram. Because of Covid, cheese was easier to source in Canada as there was a surplus of cheese, but caramel was harder to source as caramel is imported from Jamaica and finding transportation for the caramel was difficult. In the first week of January, Island Crunchy Popcorn produced three hundred batches of Metchosin Mix using 40,000 kilograms of cheese popcorn at a cost of $11 per kilogram and 50,000 kilograms of caramel popcorn at a cost of $11 per kilogram. Required: In the space provided below, show your calculations for the following multiple choice questions. 3 marks are awarded for each correct corresponding calculation that relate to the multiple choice questions attached to thisStep by Step Solution
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