A company makes a product using two materials one of which

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Standard

 Lbs Standard


Material

Quantity (lbs)

 Cost/Lb

Total Cost

O

0

$0.10

$0

H

80

$0.08

$6.40

M

120

$0.02

$2.40


200


$8.80

A company makes a product using two materials, one of which is interchangeable with a third material. The standards for producing one 200-pound batch are presented below. The last 200-pound batch was produced using 140 pounds of M and 90 pounds of O. The price of M was $.03 per pound and the actual price of O was $.10. Is the materials mix variance favorable or unfavorable?

Reference no: EM13484596

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