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Orchid Inc. manufactures jam products. The budgeted costs to produce 100,000 kilograms of jam in March were: Actual costs to produce 100,000 kilograms of jam
Orchid Inc. manufactures jam products.
The budgeted costs to produce 100,000 kilograms of jam in March were:
Actual costs to produce 100,000 kilograms of jam in March were:
Questions: 1. What is the total direct materials rate efficiency variances? 2. What is the total direct materials mix and yield variances?
Mix % Ingredient Strawberry Apricot Kilograms 80,000 kg. 20,000 kg. 80% Cost per Kg. $1.25 $2.25 Total Cost $100,000 $45,000 20% Mix % Ingredient Strawberry Apricot Kilograms 74,800 kg. 35,200 kg. 68% Cost per Kg. $1.15 $2.10 Total Cost $86,020 $73,920 32%Step by Step Solution
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