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Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
Edition 2ISBN: 978-1111824402 Exercise 10
Calculating the Yield Variance
Refer to Cornerstone Exercise 9.9.
Required:
1. Calculate the yield ratio based on the standard amounts given.
2. Calculate the standard cost per pound of the yield (rounded to the nearest cent).
3. Calculate the standard yield for actual input of 2,000 pounds of direct materials.
4. Calculate the yield variance.
5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 825 pizzas? How would that affect the yield variance?
Refer to Cornerstone Exercise 9.9.
Required:
1. Calculate the yield ratio based on the standard amounts given.
2. Calculate the standard cost per pound of the yield (rounded to the nearest cent).
3. Calculate the standard yield for actual input of 2,000 pounds of direct materials.
4. Calculate the yield variance.
5. What if the total 2,000 pounds of direct materials put into process resulted in a yield of 825 pizzas? How would that affect the yield variance?
Explanation
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From the cornerstone exercise 9.9 the fo...
Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen
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