Cost and Revenue Variances for Processors Ltd
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Processors Ltd. uses three different products - X, Y and Z to produce its major product line. Each kg of the raw material costs $2.00 for X, $3.75 for Y and $5.20 for Z. Each final product is budgeted to use 50 kg of X, 20 kg of Y and 30 kg Z. During the last period 150 units of the final product were produced. Actual inputs used were 7,850 kg of X, 4,000 kg of Y and 3,750 of Z. The actual raw materials costs were $2.05 for X, $3.65 for Y and $4.90 for Z.
What is the total materials mix variance for the year? Use four decimal places for all mix percentages.
a. $1,380 U
b. $1,436 U
c. $1,380 F
d. $1,436 F
e. $1,986 F
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The expert examines cost and revenue variance for processors Ltd.
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