Question

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.		0.325			$1.50			$15.00
Cheese	11			0.375			2.70			29.70
Sausage	9			0.300			2.10			18.90
Total	30	lbs.								$63.60

Mangia put a batch of 2,000 pounds of direct materials (enough for 1,267 frozen sausage pizzas) into process. Of the total, 600 pounds were tomato sauce, 860 pounds were cheese, and the remaining 540 pounds were sausage. The actual yield was 750 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 of direct materials. Do not round intermediate calculations. Round your final answer to nearest whole number.

4. Calculate the yield variance. Do not round intermediate calculations, except for number of pizzas which should be rounded to nearest whole number. If required, round your final answer to the nearest cent.

Answer 1

SOLUTION:

1)YIELD RATIO=STANDARD YIELD/TOTAL YIELD

=1267/2000

YIELD RATIO =0.63

2)STANDARD COST PER POUND OF THE YIELD=$3.35 PER PIZZA

TOTAL STANDARD COST=2000*63.60

=$127200

TOTAL YIELDS IN POUNDS=1267*30=38010

STANDARD COST PER POUND OF YIELD=TOTAL STANDARD COST/TOTAL YIELD IN POUNDS

=127200/38010

=$3.35

3)STANDARD YIELD FOR ACTUAL INPUT OF 2000 POUNDS OF DIRECT MATERIALS IS 1267 PIZZAS

4)YIELD VARIANCE=$1732 UNAFAVORABLE

YIELD VARIANCE=(ACTUAL YIELD-STANDARD YIELD)*STANDARD COST PER POUND OF YIELD

=(750-1267)*3.35

=(517)*3.35

=1731.95OR (1732)

KINDLY UPVOTE,OR ASK ANY QUERY

SORYY,ITS BY MISTAKE, NOW REVEIW IT AGAIN,THANK YOU