Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutic chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the Direct Material Standard Mix Standard Unit Price Standard Cost Aranol 4,800 gallons $6.00 per gallon $28,800 Lendyl 15,200 8.00 121,600 Total 20,000 gallons $150,400 Yield 16,000 gallons During March, the following actual production information was provided: Direct Material Actual Mix Aranol 70,000 gallons Lendyl 130,000 Total 200,000 gallons
Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems. Two chemical solutic chemical that is sold to companies that produce the anti-anxiety pills. The mixture is produced in batches and has the Direct Material Standard Mix Standard Unit Price Standard Cost Aranol 4,800 gallons $6.00 per gallon $28,800 Lendyl 15,200 8.00 121,600 Total 20,000 gallons $150,400 Yield 16,000 gallons During March, the following actual production information was provided: Direct Material Actual Mix Aranol 70,000 gallons Lendyl 130,000 Total 200,000 gallons
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 34P: Vet-Pro, Inc., produces a veterinary grade anti-anxiety mixture for pets with behavioral problems....
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