Kality food complex has three types of direct material input and standards to produce 9 pounds of out put (sausage): 5 pounds of meat A at actual cost of $0.70/pound=$3.50
3 pounds of meat B at actual cost of $1.00/pound=$3.00
2 pounds of meat C at actual cost of $0.80/pound=$1.60
Suppose that no inventories of direct materials are kept. Purchases are made as needed. Actual results show that atotal of 100000 pounds of meat were used during the month as june as follows:
46000 pounds of meat A at actual cost of $ 0.80/ pound =$ 36800
40000 pounds of meat B at actual cost of $ 1.05/ pound =$ 42000
14000 pounds of meat C at actual cost of $ 0.85/ pound =$ 11900
Required: calculate
a) the budget quantity of direct material inputs for each type of meat
b)the direct material variance
c) direct material price variance
d) direct material efficiency variances

Which of the following are considered needs? check all that apply

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?