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Problem 2. Materials Price, Mix and Yield Variances SM-Ayala Merger produces the popular 3 NI' Cologne that has gone viral in social media. The merger

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Problem 2. Materials Price, Mix and Yield Variances SM-Ayala Merger produces the popular "3 NI' Cologne that has gone viral in social media. The merger has established the following standards for one kilo of "3 NI" Cologne: Ingredients Standard Quantity Standard Unit Cost Standard Cost Patis 500 grams (50%) P 3.00 P 1.500 Toyo 400 grams (40%) P 4.00 1.600 Suka 100 grams (10%) P 5.00 P 500 TOTAL 1,090 grams (100%) P 3.600 The company reported the following production and cost data for the July 2021 operations: Ingredients Actual Quantity Actual Unit Price Actual Cost Patis 60.000 P 2.00 P 120.090 Toyo 30.000 P 5.00 P 150.000 Suka 10.000 P 4.00 P 40.090 TOTAL 100.090 P 310.000 SM-Ayala company produced 90 kilos of "inl' cologne in July 2021. REQUIRED: 1. Total materials cost variance 2. Materials price variance 3. Material mix variance 4. Material yield variance

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