4. (1) During the month of January, 1,000 pounds of materials were purchased at a cost of $95 per pound. If there was a favorable direct materials price variance of $10,000, the standard cost per pound must be (3) Ralph Co. uses two types of materials in the production. The following standards were developed Material M1 M2 Standard Mix Standard Unit Price Standard Cost 2 units 3 units S20 per unit per unit $ 40 $36 Yield 25 units During January, the following actual production information was provided Material M1 M2 Actual Mix 22,000 units 43,000 units Yield 320,000 units The material mix variance is and the material yield variance is Answer: l(1) S105 (2) Mix variance $20 x (22,000 26,000) + $12 x (43,000- 39,000)-S32,000 F Yield variance $3.04 x (325,000 320,000) $15,200 U