Midlands Technical College Operations And Supply Chain Management Assignment Help - Huron Group

Question - Huron Group had the following direct materials data for its product:
Standard costs for one unit of output
Material Twinkle. . . . . . . . . . . . . . . . 20 units of input at $20
Material Star . . . . . . . . . . . . . . . . . . . 40 units of input at $30
During October, the company had the following results:
Units of output produced 2,000 units
Materials purchased and used
Material Twinkle. . . . . . . . . . . . . . . . 44,000 units at $18
Material Star . . . . . . . . . . . . . . . . . . . 76,000 units at $32
Required
a. Compute materials price and efficiency variances.
b. Compute materials mix and yield variances.

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