(a) Production of each unit of C00D requires 8lbs of B at a cost of P9 per lb. and 4 lbs. of X at P11.20 per lb. However, for production of 1,000 units of C00D 10,000lbs. were used, 75% of which was for material B at a cost of P8 per lb. for B and P9 per lb. for X

Compute the Material Price, ,Mix and yield, and Quantity Variance

(b)Marie Corp has material standards inputs for one unit is as follows:

Material Quantity in lbs Standard Price per lb.

X 400 40

Y 400 80

Z 200 30

Total 1,000lbs.

20units of finished product have been actually produced during the period which the actual quantities of material used and the prices paid are as follows:

Material Quantity used in lbs Price

X 10,000 38

Y 8,500 84

Z 4,500 32.50

Total 23,000

Compute for the price, Mix and yield Variances