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Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials
Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials data for its product.
Standard costs for one unit of output
Alpha units of input at $
Beta units of input at $
The company had the following results in June.
Units of output produced units
Materials purchased and used
Alpha units at $
Beta units at $
Required:
a Compute materials price and efficiency variances.
b Compute materials mix and yield variances.
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