Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on

image text in transcribed

Calculating the Yield Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 19 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 lbs. 0.335 $1.50 $15.00 Cheese 11 0.360 2.80 30.80 Sausage 9 0.305 2.00 18.00 Total 30 lbs. $63.80 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,267 frozen sausage pizzas) into process. Of the total, 680 pounds were tomato sauce, 860 pounds were cheese, and the remaining 460 pounds were sausage. The actual yield was 750 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.63 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. $ 3.36 per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. 1,267 pizzas 4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent. $ 1,735.12 X Unfavorable

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

Corporate Accounting Information Systems

Authors: Tony Boczko

1st Edition

0273684876, 978-0273684879

More Books

Students also viewed these Accounting questions