Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ANSWER ASAPPP PLEASEE FOR UPVOTE/LIKE Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing

ANSWER ASAPPP PLEASEE FOR UPVOTE/LIKE

Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 500 galloons of one liquid is as follows:

Liquid Chemical

Qty. in Gallons

Cost per Gallon

Total Cost

Salve

100

P2.00

P200

Clarity

300

0.75

225

Tanggo

225

1.00

225

625

P650

There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the standard materials cost for a 10-gallon bottle is P13.

A total of 4,000 bottles (40.000 gallons) were produced during November. The actual quantities and costs of the materials placed in production during November were as follows.:

Liquid Chemical

Qty. in Gallons

Total Cost

Tanggo

18,540

P16,686

Salve

8,840

17,384

Clarity

25,200

17,640

What is Yatoros yield variance?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

Students also viewed these Accounting questions