Question
Khemicool Ltd. manufactures a chemical using in the process two components: K1 and component K2. The standard materials usage and cost of one unit of
Khemicool Ltd. manufactures a chemical using in the process two components: K1 and component K2. The standard materials usage and cost of one unit of the ready chemical are:
| K1 | 5kg @ $2 | $ | 10 |
| K2 | 10kg @ $3 | $ | 30 |
| $ | 40 | ||
In a particular period, 80 units of the chemical were produced from 600 kg of K1 and 900 kg of K2.
What was the company's materials mix variance?
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
Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
11th Edition
0072834943, 9780072834949
