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Fish parts The Fido Company manufactures a popular brand of dog food. The dog food is mixed in 450 kilogram batches. The standard input for
Fish parts The Fido Company manufactures a popular brand of dog food. The dog food is mixed in 450 kilogram batches. The standard input for material per batch is as follows: Standard price Kilograms per kilograms Cereal 200 $0.15 Horse meat 150 $0.40 100 $0.36 Input 150 Output 400 The dog food is packed in cans weighing 5 lolograms, during the month of July, 11.200 cans were produced. The following materials were used during July Kilograms Cereal 29,200 Horse meat 19.800 Fish parts 14300 Input 63,300 . Purchases for July were as follows Cercal Horse meat Fish parts Kilograms 30.200 19,500 14,000 64,300 Standard price per kilograms $4500 57.950 $5,190 $17.640 Deput Fido uses a standard cost system and calculates materials price variance at the time of purchase required 1 Compute the material mix variance for the month 2. Compute the material viel variance for the month
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