5 225 Tanggo 225 1.00 225 625 P650 There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the standard materials cost for a 10-gallon bottle is P13.
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Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 500 galloons of one liquid is as follows:
Liquid Chemical |
Qty. in Gallons |
Cost per Gallon |
Total Cost |
Salve |
100 |
P2.00 |
P200 |
Clarity |
300 |
0.75 |
225 |
Tanggo |
225 |
1.00 |
225 |
|
625 |
|
P650 |
There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the
A total of 4,000 bottles (40,000 gallons) were produced during November. The actual quantities and costs of the materials placed in production during November were as follows.:
Liquid Chemical |
Qty. in Gallons |
Total Cost |
Tanggo |
18,540 |
P16,686 |
Salve |
8,480 |
17,384 |
Clarity |
25,200 |
17,640 |
What is Yatoro’s mix variance?
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- Yatoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 500 galloons of one liquid is as follows: Liquid Chemical Qty. in Gallons Cost per Gallon Total Cost Salve 100 P2.00 P200 Clarity 300 0.75 225 Tanggo 225 1.00 225 625 P650 There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the standard materials cost for a 10-gallon bottle is P13. A total of 4,000 bottles (40,000 gallons) were produced during November. The actual quantities and costs of the materials placed in production during November were as follows.: Liquid Chemical Qty. in Gallons Total Cost Tanggo 18,540 P16,686 Salve 8,480 17,384 Clarity 25,200 17,640 What is Yatoro’s yield variance?Zoro Chemical Company manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 500 galloons of one liquid is as follows: Liquid Chemical Qty. in Gallons Cost per Gallon Total Cost Salve 100 P2.00 P200 Clarity 300 0.75 225 Tanggo 225 1.00 225 625 P650 There is a 20% loss in liquid volume during processing due to evaporation. The finished liquid is put into 10-gallon bottles for sale. Thus, the standard materials cost for a 10-gallon bottle is P13. A total of 4,000 bottles (40,000 gallons) were produced during November. The actual quantities and costs of the materials placed in production during November were as follows.: Liquid Chemical Qty. in Gallons Total Cost Tanggo 18,540 P16,686 Salve 8,480 17,384 Clarity 25,200 17,640 What is Zoro's mix variance?Plano Products manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 100 liters of its biggest selling product is as follows. Cost (per liter) $15 Input Quantity (in liters) Total Chemical Cost Chem-A 23 345 Chem-B 63 15 945 Chem-C 39 18 702 125 $1,992 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 13-liter containers for sale. Thus, the standard material cost for a 13-liter container is $258.96 [= ($1,992 100 liters) x 13 liters per container]. The actual quantities of direct materials and the cost of the materials placed in production during September were as follows (materials are purchased and used at the same time). Quantity (in liters) Input Chemical Chem-A Chem-B Total Cost $ 284, 248 19,360 48,900 732,320 35,540 103,800 Chem-C 988,220 $2,004,788 A total of 8,300 containers (107,900 liters) were produced during September.…
- Plano Products manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 100 liters of its biggest selling product is as follows. Total Input Chemical Chem-A Quantity (in liters) Cost (per liter) Cost 23 $15 $ 345 Chem-B 63 15 945 702 Chem-C 39 18 125 $1,992 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 13-liter containers for sale. Thus, the standard material cost for a 13-liter container is $258.96 [= ($1,992 ÷ 100 liters) x 13 liters per container]. The actual quantities of direct materials and the cost of the materials placed in production during September were as follows (materials are purchased and used at the same time). Input Chemical Chem-A Quantity (in liters) Total Cost 19,360 $ 284,248 Chem-B 48,900 732,320 988,220 Chem-C 35,540 103,800 $2,004,788 A total of 8,300 containers (107,900 liters) were produced during September.…Plano Products manufactures a wide variety of chemical compounds and liquids for industrial uses. The standard mix for producing a single batch of 100 liters of its biggest selling product is as follows. Input Chemical Quantity (in liters) Cost (per liter) Total Cost Chem-A 33 35 $1,155 Chem-B 73 25 1,825 Chem-C 19 10 190 125 $3,170 There is a standard 20 percent loss in liquid volume during processing due to evaporation. The finished liquid is put into 23-liter containers for sale. Thus, the standard material cost for a 23-liter container is $729.10 [= ($3,170 ÷ 100 liters) × 23 liters per container]. The actual quantities of direct materials and the cost of the materials placed in production during September were as follows (materials are purchased and used at the same time). Input Chemical Quantity (in liters) Total Cost Chem-A 25,160 $ 734,248 Chem-B 43,900 1,182,320 Chem-C 30,540 1,288,220 99,600 $ 3,204,788 A total of 9,300 containers (213,900…A company manufactures a carbonated drink, which is sold in 1 litre bottles. During the bottling process there is a 20% loss of liquid input due to spillage and evaporation. What is the standard usage of liquid per bottle? A 0.80 litres B 1.00 litres C 1.20 litres D 1.25 litres
- A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,900. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows: Product Gallons Further ProcessingCost per Gallon Eventual MarketPrice per Gallon L-Ten 3,700 $0.50 $2.00 Triol 4,000 1.00 5.00 Pioze 2,300 1.50 6.00 See screenshots for needed information. I am having trouble with some of it.MacDonald Limited MacDonald makes an industrial cleaning agent, which consists of a secret mix of three chemicals heated gently together; some loss of weight occurs during this process. Normally, the standard cost card details for the materials needed for 1 litre of the finished product is as follows: Chemical A 0.5 litres @ £8 per litre = £4.00 Chemical B 0.7 litres @ £5 per litre = £3.50 Chemical C 0.3 litres @ £7 per litre = £2.10 Total £9.60 In March, 8,000 litres of the cleaning agent were produced, and the following direct costs incurred: Chemical A 3,700 litres for £27,750 Chemical B 6,000 litres for £36,000 Chemical C 2,800 litres for £13,920 Calculate the material mix and yield variances.A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,700. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows: Product Gallons Further ProcessingCost per Gallon Eventual MarketPrice per Gallon L-Ten 3,400 $0.50 $2.00 Triol 4,000 1.00 5.00 Pioze 2,400 1.50 6.00 Required: 1. Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze.
- Breaking Bad Company produces four chemicals from the same process: M1, M2, M3, and M4. Joint product costs are P9,000. (Round all answers to the nearest peso.) Barrels Sales price per barrel at split-off Disposal cost per barrel at split-off Further processing cost Final sales price per barrel M1 750 P10.00 P6.50 P2.00 P13.50 M2 1,000 8.00 4.00 2.50 10.00 M3 1,400 11.00 7.00 4.00 15.50 M4 2,000 15.00 9.50 4.50 19.50 If the company sells the products after processing, the following disposal costs will be incurred: M1, P2.50; M2, P1.00; M3, P3.50; M4, P6.00. Using sales value at split-off, what amount of joint processing cost is allocated to Product M1?A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,700. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows: Product Gallons Further ProcessingCost per Gallon Eventual MarketPrice per Gallon L-Ten 3,400 $0.40 $2.10 Triol 3,900 1.10 5.30 Pioze 2,400 1.60 6.60 Required: 1. Allocate the joint cost to L-Ten, Triol, and Pioze using the net realizable value method. Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Joint Cost Grades Allocation L-Ten $fill in the blank 1 Triol fill in the blank 2 Pioze fill in the blank 3 Total $fill in the blank 4 2. What if it cost $2.10 to process each gallon of Triol beyond the split-off point? How would that affect the allocation of joint cost to the three products? Round your…A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $13,000. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three products is as follows: Product Gallons Further ProcessingCost per Gallon Eventual MarketPrice per Gallon L-Ten 3,600 $0.50 $2.00 Triol 4,000 1.00 5.00 Pioze 2,400 1.50 6.00 Required: 1. Calculate the total revenue, total costs, and total gross profit the company will earn on the sale of L-Ten, Triol, and Pioze. Total Revenue $fill in the blank 1 Total Costs $fill in the blank 2 Total Gross Profit $fill in the blank 3 2. Allocate the joint cost to L-Ten, Triol, and Pioze using the constant gross margin percentage method. Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar. Joint…