Synthetic Manufacturing Co manufactures the product

Syntex which requires three #8042

Synthetic Manufacturing Co. manufactures the product Syntex, which requires three raw
materials. Production is in batches of 2,500 pounds of materials. Any waste is thrown away. The
firm uses standard costs as a control device. Its standard costs for materials are as
follows:During the month of July 2016, 25,000 pounds of Syntex were produced. There was no
beginning or ending inventory of work in process. The materials actually used during July are
listed below:Material Quantity Total CostPlastic base.............22,100
lb.................$14,144Tint........................1,150 lb......................230Hardener..................2,050
lb...................1,353INSTRUCTIONS1. Compute the total variance between the actual cost of
the materials used during July and the standard cost of the materials. Also compute the total
variance for each type of material.2. Analyze the variances for each type of material for the
month.Analyze:Which raw materials were obtained at lower-than-standard unit costs?View
Solution:
Synthetic Manufacturing Co manufactures the product Syntex which requires three

ANSWER
http://paperinstant.com/downloads/synthetic-manufacturing-co-manufactures-the-product-syntex-
which-requires-three/

1/1
Powered by TCPDF (www.tcpdf.org)