Refer to Exercise 9-6. Verde Sabor purchased the amount used of each direct material input on March.

Refer to Exercise 9-6. Verde Sabor purchased the amount used of each direct material input on March.
Refer to Exercise 9-6. Verde Sabor purchased the amount used of each direct material input on March 2 for the following actual prices, tomatoes, $0.025 per ounce and chili peppers, $0.024 per ounce. Required: 1. Compute and journalize the direct materials price variances. 2. Compute and journalize the direct materials usage variances. 3. Offer some possible reasons for why the variances occurred. Exercise 9-6 Verde Sabor produces a green enchilada sauce using tomatoes and green chili peppers. Verde developed the following standard cost sheet: On March 2, Verde produced a batch of 112,000 ounces with the following actual results: Required: 1. Calculate the yield ratio. 2. Calculate the standard cost per unit of yield. 3. Calculate the direct materials yield variance. 4. Calculate the direct materials mix variance. Apr 23 2022 08:21 AM

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