Question

Cost Accounting question.

John' s Weed-B-Gone yard service sprays lawns to rid them of weeds. John mixes the two chemicals, Weed- X and Pest-O, in proportions depending on the climate and the particular weed problems of the season. A standard mix calls for a gallon of the mixture to combine equal parts of Weed-X and Pest-O. Weed-X has a standard cost of $9.30 per gallon and Pesto-O has a standard cost of $25.00 per gallon. Each gallon can treat 100 square yards of lawn. John expects to treat 534,000 square yards of lawn. For the past season, John treated 654,000 square yards. He used 3,200 gallons of Weed-X and 3,000 gallons of Pest-O. He paid a total of $28,000 for the Weed-X and $72,900 for the Pest-O. Required: a. Compute the materials price and efficiency variances for the season. (Do not round intermediate calculations. Indicate the effect of each variance by selecting"F for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) 3 Answer is not complete. Materials Price Efficiency Variances 1,760 )F s 19,002 pF Pest 2,100 Fs 58,500 F Total

Answer 1

Please check and update if its working or not.

Paste B 1 u. 1-1-1.ク·A· 업 Merge & Center. $. % , '08, ,conditional Formatting Form at as'Le" 'nsert Delete Format Format Painter Table" Styles Styles . Clipboard Font Alignment Number Cells N6 Material Price Weed-X1,760.00 F Pest-o2,100.00 F Tota$ 3,860.00 F Efficiency Variances $21,504.00 F S54,193.55F $ 75,697.55 F 10 Method 1 Material Price (Actual price Standard price) x Actual Quantity Effficiency Variances (Actual quantity-Standard quantity) x Standard cost Actual Price-(Total Cost/Quantity used) 12 13 14 Actual Quantity Weed-X (28000/3200)- Pest-o $8.75 $24.30 Weed-X Pest-o (given) (given) 3200 (72900/3000) Standard Cost Standard Quantity given) (given) $9.30 $25.00 (10680 x 32/62 (10680 x 30/62) 17 Weed-X Pest-o Weed-X Pest-o 5512.26 5167.74 Actual Quantity Standard Cost 20 21 Weed-X Pest-o given) (given) (given) 9.30 (given) 25.00 Weed-X Pest-O 23 24 25 26 Material Price Efficiency Variance Weed-X Pest-O (8.75-9.30) x 3200- (24.30 25.00) x 30005 (1,760.00) Favourable (2,100.00) Favourable Weed-X (3200-5512.26) x9.30- Pest-o (3000-5512.26) x 25.00- (21,504.00) (54,193.55) Sheet Sheet2 Ready O Type here to search