Question
At the standard mix, the standard price of input units per finished goods unit is $100 (also known as the price per batch), and the
At the standard mix, the standard price of input units per finished goods unit is $100 (also known as the "price per batch"), and the standard number of input units per finished goods unit is 10. The firm's actually completed 10,000 finished goods units and used 90,000 input units.
What is the firm's yield variance (round variance to nearest cents if necessary)?
Group of answer choices
1. Cannot be determined because we do not know the actual mix of inputs.
2. $100,000 favorable
3. $100,000 unfavorable
4. Cannot be determined because we do not know the standard mix of inputs.
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