Nevada Corporation make MegaOats, a nutritional cereal. They manufacture MegaOats in 50-pound batches. The following standards have been established for one 50-pound batch:

	Quantity	Price	Total
Wheat	24 lbs	$0.20 per lb	$4.80
Barley	24 lbs	$0.10 per lb	$2.40
Corn	12 lbs	$0.05 per lb	$0.60
	60 lbs

Skilled Labor	0.8 hours @ $12.00 per hour
Unskilled Labor	0.2 hours @ $8.00 per hour

During the most recent month, the company actually produced 600 batches of MegaOats and the following amounts of materials were actually purchased and used:

Wheat	16,500 lbs @ $0.22 per lbs	$3,630
Barley	13,000 lbs @ $0.11 per lbs	$1,430
Corn	12,500 lbs @ $0.07 per lbs	$875
	42,000 lbs	$5,935

Skilled Labor	400 hours @ $12.25 per hour
Unskilled Labor	260 hours @ $9.00 per hour

1) Calculate the total strandard cost, for individual components AND totals.

2) Determine the total standard cost variance.

3) Break the total cost variance up into the price and usage variances.

4) Further break down the usage variance into Mix and Yield variances.