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COST ACCOUNTING CoursHeroTranscribedText: Question I - Variances (11 Marks) Becton Labs produces a variety of...

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Accounting

COST ACCOUNTING

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CoursHeroTranscribedText: Question I - Variances (11 Marks) Becton Labs produces a variety of chemical compounds for industrial uses. The standard mix for February's production of 80,000 litres of Product "X" and the budgeted costs, are as follows: Liquid Chemical Quantity (in litres) | Cost (per litre) Total Cost Barralene 16,000 $4.00 $64,000 Prismane 48,000 $1.50 72,000 Miraculin 36,000 $2.00 72,000 The actual quantities and costs of the direct materials placed into production during February to produce Product "X" were as follows (all materials purchased were used): Liquid Chemical Quantity (in litres) Total Cost Barralene 16,960 $64,768 Prismane 50,400 75,280 Miraculin 37,040 73,372 104.400 $213.420 A total of 80,000 litres of Product "X" was produced during February. REQUIRED: Calculate the direct materials efficiency, mix, and yield variances for each direct material

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