Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Eco Strip Inc. makes a paint remover which is made up of two direct materials, X and Y. The standard costs and standard quantities are
Eco Strip Inc. makes a paint remover which is made up of two direct materials, X and Y. The standard costs and standard quantities are as follows. Each gallon of paint remover requires 0.3 gallons at $4.00 per gallon of material X and 0.7 gallons at $6.00 per gallon of material Y. During April, Eco Strip produced 50,000 gallons of paint remover, used 17,000 gallons at $4.25 per gallon of material X, and used 38,000 gallons at $5.90 per gallon of material Y. What are the mix and yield variances for material X for the month of April? Multiple Choice $2,000 U; $6,000 U. $3,000 U; $5,000 U. $10,000 U; $2,000 F. $10,000 F; $18,000 U. None of these
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