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Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 19 giant-size sausage pizzas. Direct Material Mix Proportion Tomato sauce 0.320 0.375 Cheese Sausage Total Required: Mix 10 lbs. 11 9 0.305 SP Feedback $1.40 2.70 2.00 Standard Cost 30 lbs. $61.70 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,267 frozen sausage pizzas) into process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 750 pizzas. $14.00 29.70 18.00 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 0.59 X 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. 4 X per pizza 3. Calculate the standard yield for actual input of 2,000 pounds of direct materials. Do not round Intermediate calculations. Round your final answer to nearest whole number. 1,067 X pizzas 4. Calculate the yield variance. If applicable, use rounded values from prior steps in computation. Round your final answer to the neprest cent. 1145 X Unfavorable 5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 1,292 pizzas? How would that affect the yield variance? The yield varliance would be Favorable
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