Exercise 17-34 (Algo) Materials Mix and Yield Variances (LO 17-5) Proctor Cleaning Products manufactures a product using a process that allows for substitution between two materials, X-1 and Y-7. The company has the following direct materials data for its product: Standard costs for one unit of output 68 units of input at $1.00 12 units of input at $4.60 The following results were reported for January: Units of output produced Materials purchased X-1 Y-7 X-1 Y-7 18,100 units 1,202,000 units at $1.02 222,000 units at $4.55 Proctor has a policy of holding no inventories of any kind. Required: a. Compute materials price and efficiency variances. b. Compute materials mix and yield variances.

Exercise 17-34 (Algo) Materials Mix and Yield Variances (LO 17-5) Proctor Cleaning Products manufactures a product using a process that allows for substitution between two materials, X-1 and Y7. The company has the following direct materials data for its product standardcostsforoneunitofoutputx=1y^768unitsofinputat$1.0012unitsofinputat$4.69 The following results were reported for January: Proctor has a policy of holding no inventories of any kind Required: a. Compute materiais price and efficiency variances b. Compute materials mix and yield variances. Complete this question by entering your answers in the tabs below. Compute materials price and efficiency variances. Note: 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. Complete this question by entering your answers in the tabs below. Compute materials mix and yield variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "Un" for unfavorable. If there is no effect, do not select either option. Exercise 17-34 (Algo) Materials Mix and Yield Variances (LO 17-5) Proctor Cleaning Products manufactures a product using a process that allows for substitution between two materials, X-1 and Y7. The company has the following direct materials data for its product standardcostsforoneunitofoutputx=1y^768unitsofinputat$1.0012unitsofinputat$4.69 The following results were reported for January: Proctor has a policy of holding no inventories of any kind Required: a. Compute materiais price and efficiency variances b. Compute materials mix and yield variances. Complete this question by entering your answers in the tabs below. Compute materials price and efficiency variances. Note: 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. Complete this question by entering your answers in the tabs below. Compute materials mix and yield variances. Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "Un" for unfavorable. If there is no effect, do not select either option