Stacy, Inc., produces a product using a process that allows for substitution between two materials,...
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Stacy, Inc., produces a product using a process that allows for substitution between two materials, Alpha and Beta. The company has the following direct materials data for its product. Standard costs for one unit of output Alpha 46 units of input $ 8.00 units of input Beta 92 $10.50 at at The company had the following results in June. Units of output produced 2,300 units Materials purchased and used units Alpha 113,800 $ 7.50 at units Beta 203,600 $11.10 at Required: a. Compute materials price and efficiency variances. b. Compute materials mix and yield variances
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