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2) Jam Life Inc. manufactures jam products. It makes a mixed fruit and berry jam by blending strawberries, peaches, and apricots. Budgeted costs to produce
2) Jam Life Inc. manufactures jam products. It makes a mixed fruit and berry jam by blending strawberries, peaches, and apricots. Budgeted costs to produce 100,000 kilograms of jam in September were: Ingredient Strawberry Peach Apricot Kilograms 80,000 kg 100,000 kg. 220,000 kg Cost per Kg. $1.25 $1.80 $2.25 Total Cost $100,000 $180,000 $495,000 Actual costs to produce 100,000 kilograms of jam in September were: Ingredient Strawberry Peach Apricot Kilograms 105,000 kg 105,000 kg 210,000 kg Cost per Kg $1.15 $1.80 $2.10 Total Cost $120,750 $189,000 $441,000 Required: (12) 1. Calculate the total direct materials rate and efficiency variances. 2. Calculate the total direct materials mix and yield variances
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