Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can someone help with part A & B? I got the material price variance correct but having difficulty with the rest. Stacy, Inc.. produces a
Can someone help with part A & B? I got the material price variance correct but having difficulty with the rest.
Stacy, Inc.. produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials data for its product. Standard costs for one unit of output Alpha 32 units of input at Beta 64 units of input at $11.00 $12.50 The company had the following results in June. Units of output produced 3,400 units Materials purchased and used Alpha 116,800 units at $10.50 Beta 289,600 units at $13.20 Required: a. Compute materials price and efficiency variances. b. Compute materials mix and yield variances. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Compute materials price and efficiency variances. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Alpha Beta Total s 58.400 F $ 146,720 U IS 88,320 U Materials price variance Materials efficiency varianceStep 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