Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the standard mix, the standard input price per finished goods unit is $1.50, and the standard number of input units per finished goods unit
At the standard mix, the standard input price per finished goods unit is $1.50, and the standard number of input units per finished goods unit is 9. The firm's actually completed 30,000 finished goods units and used 115,000 input units.
What is the firm's yield variance?
NOTE: only input a number, without indicating favorability. For simplicity, the correct variance calculation will lead to a positive number. Just input that number, rounding the final answer to cents.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started