Question
1. Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a
1. Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,160 bars) are as follows: Ingredient Quantity Price Cocoa 420 lbs. $0.30 per lb. Sugar 120 lbs. $0.60 per lb. Milk 90 gal. $1.40 per gal.
Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent ______
2.
The following data relate to labor cost for production of 7,100 cellular telephones:
Actual: | 4,770 hrs. at $13.00 | |
Standard: | 4,690 hrs. at $13.20 |
a. Determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Rate variance | $ | Favorable |
Time variance | $ | Unfavorable |
Total direct labor cost variance | $ | Unfavorable |
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