Question
Summer, Inc. has the following information available for the current years production of its Cran-Almond trail mix bags: Standard : Dried Cranberries: 3.0 pounds per
Summer, Inc. has the following information available for the current years production of its Cran-Almond trail mix bags:
Standard:
Dried Cranberries: 3.0 pounds per unit @ $8.00 per pound
Raw Almonds: 4.5 pounds per unit @ $5.00 per pound
Total weight per bag 7.5 pounds
The actual consumption in production occurred at the following rates during the year:
Dried Cranberries: 3.6 pounds per unit @ $9.00 per pound
Raw Almonds: 4.4 pounds per unit @ $4.50 per pound
Summer produced a total of 45,750 bags for the year.
Required:
[8 points] Use the above information to calculate the mix and yield variances. Use Form 6-A for your answers.
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