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The Shum Company makes a product, Z, from two materials: X and Y. The standard prices and quantities are as follows:
| | X | | Y | |
| Price per pound | $ | 5 | | $ | 7 | |
| Pounds per unit of product Z | | 16 | | | 9 | |
| |
In May, 12,500 units of Z were produced by Shum Company, with the following actual prices and quantities of materials used:
| | X | | Y | |
| Price per pound | $ | 14.70 | | $ | 17.40 | |
| Pounds used | | 207,000 | | | 132,000 | |
| |
What is the total direct material yield variance for May?
$101,500.
$136,500.
$62,500.
$171,500.
Pls detailed explanation of how you get standard quantity numbers.
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