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TYPE ueed. The standards fox one product tol lovs PRICE PER LITRR The standard s liter mix cost per liter is theretore The standard mix should produce unite ot tini Actuals for the period: TYPE: A 1 CORT 4.5 C 22 46 average actual cost per liter is therefore & Output of finished product vas 25 unite. 4.26 ( 1964iters) 14.1. Individual mix variance a. 4.00 b. 4.50 C. 17.04 d. 18.00 or noninterchangeable inputs for material C an nonintereNC TYPE ACT QUAN HX ACT QUAN STD II. The variance in part I a. favorable b. unfavorable input Total inputs STANDARD MIX- 15. I. Overall yield variance for direct materials vas YIELDInpute Outputs a. 4.00 b. 4.50 c. 17.04 d. 18.00 SQ allowed Yield x Actual output allowed] Std Avg Price YIELDLQ used VARIANCE *11 Tre variance in part 1 is a. favorable b. unfavorable 16. What does a credit balance in a direct labor efficiency variance account ** indicate a. actual total direct labor costs incurred were less than standard direct b. average wage rate paid to direct labor employees vas less than the c. number of units produced was less than the number of units budgeted for d. standard hours allowed for the units produced were greater than actual labor costs allowed for the units produced standard rate the period hours used

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