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Vet Pro, Inc, produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated
Vet Pro, Inc, produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutions, Aranol and Lendyl, are mixed and heated to produce a chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the following standards: Direct Material Aranol Standard Mix Standard Unit Price Standard Cost 4,600 gallons 15,400 $5.00 per gallon $23,000 7.00 107,800 Total 20,000 gallons $130,800 Yield 16,000 gallons Lendy! During March, the following actual production information was provided: Direct Material Aranol Lendyl Total Yield Required: Actual Mix 76,000 gallons 124,000 200,000 gallons 168,000 gallons 1. Compute the direct materials mix and yield variances. In your computations, round the standard cost of the yield to 3 decimal places. Use rounded number in the subsequent computations.. Mix variance Yield variance
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