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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
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 16 giant-size sausage pizzas. Mangia put a batch of 2,000 pounds of direct materials (enough for 1,067 frozen sausage pizzas) into process. Of the total, 620 pounds were tomato sauce, 820 pounds were cheese, and the remaining 560 pounds were sausage. The actual yield was 770 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. pounds were tomato sauce, 820 pounds were cheese, and the remaining 560 pounds were sausage. The actual yleld was 770 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. per pizza 3. Calculate the standard yleld for actual input of 2,000 pounds of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number. pizzas 4. Calculate the yield variance. If applicable, use rounded values from prior steps in computation. Round your final answer to the nearest cent. 5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 1,092 pizzas? How would that affect the yield variance? The yieid variance would be
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