Calculating the Direct Materials Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia develope the following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausage pizzas. Direct Material Tomato sauce Cheese Sausage Total Mix 12.80 lbs 14.40 12.80 40.00 lbs Tomato sauce Cheese Sausage Mix Proportion .0.320 0.360 0.320 SM SP $1.40 2.90 2.00 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) int process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 760 pizzas. Standard Cost Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. pounds pounds pounds $17.92 41.76 25.60 $85.28

Calculating the Direct Materials Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia develope the following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausage pizzas. Direct Material Tomato sauce Cheese Sausage Total Mix 12.80 lbs 14.40 12.80 40.00 lbs Tomato sauce Cheese Sausage Mix Proportion .0.320 0.360 0.320 SM SP $1.40 2.90 2.00 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) int process. Of the total, 640 pounds were tomato sauce, 840 pounds were cheese, and the remaining 520 pounds were sausage. The actual yield was 760 pizzas. Standard Cost Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. pounds pounds pounds $17.92 41.76 25.60 $85.28

Name: Godo Calculating the Direct Materials Mix VarianceMangia Pizza Company
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Godo Calculating the Direct Materials Mix VarianceMangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developedthe following standard mix for spreading on premade pizza shells to produce 16 giant-size,sausagepizzas.D

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter9: Standard Costing: A Functional-based Control Approach

Section: Chapter Questions

Problem 9CE: Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the...

See similar textbooks

Similar questions

Calculating the Direct Labor Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia uses two types of direct labor: machine operators and packers. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas.
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 19 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 10 lbs. 0.320 $1.50 $15.00 Cheese 11 0.365 2.80 30.80 Sausage 9 0.315 2.10 18.90 Total 30 lbs. $64.70 Mangia put a batch of 2,000 pounds of direct materials (enough for 1,267 frozen sausage pizzas) into process. Of the total, 660 pounds were tomato sauce, 860 pounds were cheese, and the remaining 480 pounds were sausage. The actual yield was 770 pizzas. Required: 1. Calculate the yield ratio based on the standard amounts given. If required, round your answer to two decimal places. 2. Calculate the standard cost per pound of the yield. If required, round your answer to the nearest cent. 3. Calculate the standard yield for actual input of 2,000 pounds…
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) into process. Of the total, 700 pounds were tomato sauce, 840 pounds were cheese, and the remaining 460 pounds were sausage. The actual yield was 780 pizzas. Required: 1. Calculate the standard mix (SM) in pounds for tomato sauce, for cheese, and for sausage. 2. Calculate the mix variance. 3. Calculate the actual proportion used of tomato sauce, cheese, and sausage. Use these results to explain the direction (favorable or unfavorable) of the mix variance. 4. What if of the total 2,000 pounds of ingredients put into process, 700 pounds were tomato sauce, 700 pounds were cheese, and 600 pounds were sausage? How would that affect the mix variance?
Snapware Systems produces commercial strength cleansing supplies. Two of its main products are window cleaner that uses ammonia, and floor cleaner that uses bleach. Information for the most recent period follows: Product Names Window Cleaner (ammonia) Floor Cleaner (bleach) Direct materials information: Standard ounces per unit 16 oz. 24 oz. Standard price per ounce $0.75 ? Actual quantity used per unit 20 oz. 22 oz. Actual price paid for material $1.00 $0.90 Actual quantity purchased and used 1,500 oz. 2,800 oz.. Price variance ? $300 U Quantity variance $1,500 U ? Total direct materials variance ? $678 F Number of units produced 500 600 What is the standard price for bleach? Select one: a. $0.88/oz. b. $1.09/oz. c. $1.14/oz. d. $0.79/oz. e. $0.92/oz.
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 13 lbs 0.325 $1.40 $18.20 Cheese 15 0.375 2.80 42.00 Sausage 12 0.300 2.10 25.20 Total 40 lbs $85.40 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) into process. Of the total, 700 pounds were tomato sauce, 840 pounds were cheese, and the remaining 460 pounds were sausage. The actual yield was 780 pizzas. Calculate the actual proportion used of tomato sauce, cheese, and sausage. Actual mix proportion Tomato sauce Cheese Sausage Using the results, would the direction of the mix variance be favorable or unfavorable?
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 13 lbs 0.325 $1.40 $18.20 Cheese 15 0.375 2.80 42.00 Sausage 12 0.300 2.10 25.20 Total 40 lbs $85.40 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) into process. Of the total, 700 pounds were tomato sauce, 840 pounds were cheese, and the remaining 460 pounds were sausage. The actual yield was 780 pizzas. Calculate the mix variance. (favorable/not-favorable)
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Direct Material Mix Mix Proportion SP Standard Cost Tomato sauce 13 lbs 0.325 $1.40 $18.20 Cheese 15 0.375 2.80 42.00 Sausage 12 0.300 2.10 25.20 Total 40 lbs $85.40 Mangia put a batch of 2,000 pounds of direct materials (enough for 800 frozen sausage pizzas) into process. Of the total, 700 pounds were tomato sauce, 840 pounds were cheese, and the remaining 460 pounds were sausage. The actual yield was 780 pizzas. What if of the total 2,000 pounds of ingredients put into process, 700 pounds were tomato sauce, 700 pounds were cheese, and 600 pounds were sausage? How would that affect the mix variance?The mix variance will be
Calculating the Direct Labor Mix Variance Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia uses two types of direct labor: machine operators and packers. Mangia developed the following standard mix for spreading on premade pizza shells to produce 15 giant-size sausage pizzas. Standard Direct Labor Mix Mix Proportion SP Cost Machine operators 0.5 hr. $15 $ 7.50 0.50 Packers 0.5 0.50 12 6.00 Total 1.0 hr. $13.50 Mangia's recent batch (designed to produce 300 pizzas) used 300 direct labor hours. Of the total, 120 were for machine operators, and the remaining 180 hours were for packers. The actual yield was 780 pizzas. Required: Instructions for parts 2 and 3: If a variance is zero, enter "o" and select "Not applicable" from the drop down box. 1. Calculate the standard mix (SM) in hours for machine operators and for packers. Machine operators X hours Packers X hours 2. Calculate the mix variance. x Favorable 3. Calculate the actual proportion of hours…
Mangia Pizza Company makes frozen pizzas that are sold through grocery stores. Mangia uses two types of direct labor: machine operators and packers. Mangia developed the following standard mix for spreading on premade pizza shells to produce 16 giant-size sausage pizzas. Mangias recent batch (designed to produce 400 pizzas) used 400 direct labor hours. Of the total, 160 were for machine operators, and the remaining 240 hours were for packers. The actual yield was 780 pizzas. Required: 1. Calculate the standard mix (SM) in hours for machine operators and for packers. 2. Calculate the mix variance. 3. Calculate the actual proportion of hours worked by machine operators and by packers. Use these results to explain the direction (favorable or unfavorable) of the mix variance. 4. What if of the total 400 direct labor hours worked, 200 were worked by each type of direct labor? How would that affect the mix variance?
Kappa Co. Kappa Co. produces Omega, an animal feed made by mixing and heating three ingredients: Alpha, Beta, and Gamma. The company uses a standard costing system to monitor its costs. The standard material cost for 100 kg of Omega is as follows: Cost per Kg KG Cost per Kg of omega Alpha 40kg R2 R80 beta 60 kg R5 R300 gamma. 20kg R1 R20 120kg R 400 Additional notes • The mixing and heating process is subject to a standard evaporation loss. • Alpha, Beta, and Gamma are…
eBook Show Me How Question Content Area Standard Product Cost, Direct Materials Variance H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (1,700 pounds) has the following standards: Ingredient Standard Quantity Standard Price Whole tomatoes 2,800 lbs. $0.41 per lb. Vinegar 160 gal. 2.50 per gal. Corn syrup 14 gal. 9.10 per gal. Salt 64 lbs. 2.30 per lb. The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch 08-99 were as follows: 2,900 lbs. of tomatoes154 gal. of vinegar15 gal. of corn syrup63 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Ingredient Standard Costper Batch Whole tomatoes $fill in the blank 1 Vinegar fill in the blank 2 Corn syrup fill in the blank 3 Salt fill in the blank 4 Total $fill in the blank 5…
Condiments Company uses standards to control its materials costs. Assume that a batch of ketchup (1,400 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 2,300 lbs. $ 0.52 per lb. Vinegar 130 gal. $ 3.20 per gal. Corn syrup 11 gal. $ 11.60 per gal. Salt 52 lbs. $ 2.90 per lb. The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of materials for batch K-111 were as follows: 2,400 lbs. of tomatoes 125 gal. of vinegar 12 gal. of corn syrup 51 lbs. of salt a. Determine the standard unit materials cost per pound for a standard batch. If required, round amounts to the nearest cent. Ingredient Standard Cost per Batch Whole tomatoes $ Vinegar $ Corn syrup $ Salt $ Total $ Standard unit materials cost per pound $ b. Determine the direct materials quantity variance for batch K-111. If required, round amounts to the nearest cent. Enter a…