Material Price Variances

$
Vegetable price variance
Actual quantity x standard price
(82,000 x 0.80) = 65,600
Actual quantity x actual price
= 69,700 Variance 4,100 A
Butter price variance
Actual quantity x standard price
(4,900 x 4) = 19,600
Actual quantity x actual price
= 21,070
Variance 1,470 A
Stock price variance
Actual quantity x standard price
(122,000 x 0.50) = 61,000
Actual quantity x actual price
= 58,560 Variance 2,440 F
Total price variance = -$4,100 - $1,470 + 2,440
= $3,130 A
Mix Variances
Vegetables Butter Stock Total
Actual quantity in the actual mix 82,000 4,900 122,000 208,900
Actual quantity in the standard mix (W1) 91,712 5,095 112,093 208,900
Difference 9,712 F 195 F 9,907 A 0
Standard price 0.80 4.00 0.50 Mix variance 7,770 F
780 F 4,954 A 3,596 F
Yield Variances
Actual output 112,000 litres

Standard output (from actual input)

(1/2.05 x 208,900) 101,902 litres Difference 10,098 litres F
Standard cost per unit $1.47 Variance $14,844 F