1) Modern Furniture Ltd. makes classic computer workstations. One of their products is a wooden...
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1) Modern Furniture Ltd. makes classic computer workstations. One of their products is a wooden workstation. The exterior is made of walnut, a high quality wood, but the interiors are made of pine, a less expensive wood. The budgeted direct material quantities and prices for one workstation are:
Rate per Cost for
Quantity Input Unit One Unit
Walnut 6 square metres $58/square metre $348
Pine 2 square metres $20/square metre $40
During the month of September 440 desks were produced. The actual material volume and costs were:
Total Total
Quantity Cost
Walnut 2,552 square metres $153,120
Pine 638 square metres $ 11,484
Calculate the direct materials mix and yield variances for the walnut. (4)
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