Mack Fuels produces a gasoline additive. The standard costs and input for a 500-liter batch of the additive are
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Mack Fuels produces a gasoline additive. The standard costs and input for a 500-liter batch of the additive are
presented below.
Chemical
Standard
Input Quantity
in Liters
Standard
Cost
per Liter
Total Cost
Echol
200
$ .200
$ 40.00
Protex
100
.425
42.50
Benz
250
.150
37.50
CT-40
50
.300
15.00
Totals
600
$ 135.00
The quantities purchased and used during the current period are shown below. A total of 140 batches were made during the current period.
Chemical
Quantity
Purchased
(Liters)
Total
Purchase
Price
Quantity
Used
(Liters)
Echol
25,000
$ 5,365
26,600
Protex
13,000
6,240
12,880
Benz
40,000
5,840
37,800
CT-40
7,500
2,220
7,140
Totals
85,500
$ 19,665
84,420
Calculate:
a) Price Variance
b) Quantity Variance
c) Mix Variance
d) Yield Variance
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