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Compute materials price and efficiency variances

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Reference no: EM131816480

Problem - Huron Group had the following direct materials data for its product:

Standard costs for one unit of output

Material Twinkle 5 units of input at $ 50

Material Star 10 units of input at $ 65

During October, the company had the following results:

Units of output produced 2,100 units

Materials purchased and used

Material Twinkle 11,700 units at $ 47

Material Star 19,800 units at $ 67

Required:

(a) Compute materials price and efficiency variances.

(b) Compute materials mix and yield variances.

Reference no: EM131816480

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