A Cadbury Creme Egg is an egg-shaped chocolate candy that weighs about 35 grams, or a little more than 1.2 ounces. (Click the icon to view additional information.) Assuming that Cadbury uses standard costing in its manufacturing operations, what variance would have been impacted by the decrease in the cost of the chocolate used in the ate used in the Cadbury eggs? Would this var have been favorable or unfavorable? What position or department within Cadbury would have been responsible for that variance? The variance would have been impacted by the decrease in the cost of the chocolate and it would have been a V variance. The department would have been responsible for the variance because it changed the formula for the eggs. The varianc the c direct labor rate formu direct labor efficiency direct materials price direct materials quantity fixed overhead budget variance fixed overhead volume variance variable manufacturing overhead efficiency variable manufacturing overhead rate The v variance would have been impacted by the decrease in the cost of the chocolate and it would have been a V variance. The ance because it changed the department would have been re formula for the eggs. favorable unfavorable The v variance would have been impacted by the decrease in variance. The the cost of the chocolate and it would have been a department would have been responsible for formula for the eggs. se it changed the rate efficiency price quantity budget volume The v variance would have been impacted by the decrease in the cost of the chocolate and it would have been a V variance. The department would have been responsible for the variance because it changed the human resources production purchasing receiving W S11-4 (similar to) 5 Question Help Daisy Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay used for each planter is 19 pounds. The company uses a standard cost of $2.05 per pound of clay. Daisy produced 3,875 planters in May. In that month, 77,500 pounds of clay were purchased and used at the total cost of $155,000 Read the requirements. Requirement 1. Calculate the direct material price variance. Begin by determining the formula for the price variance, then compute the price variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials) Actual quantity purchased 77,500 x X($ Standard price 2.05 Actual price 2.00 ) = DM price variance = $ 3,875 F Requirement 2. Calculate the direct material quantity variance. Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) DM quantity variance x Choose from any list or enter any number in the input fields and then click Check Answer. A Cadbury Creme Egg is an egg-shaped chocolate candy that weighs about 35 grams, or a little more than 1.2 ounces. (Click the icon to view additional information.) Assuming that Cadbury uses standard costing in its manufacturing operations, what variance would have been impacted by the decrease in the cost of the chocolate used in the ate used in the Cadbury eggs? Would this var have been favorable or unfavorable? What position or department within Cadbury would have been responsible for that variance? The variance would have been impacted by the decrease in the cost of the chocolate and it would have been a V variance. The department would have been responsible for the variance because it changed the formula for the eggs. The varianc the c direct labor rate formu direct labor efficiency direct materials price direct materials quantity fixed overhead budget variance fixed overhead volume variance variable manufacturing overhead efficiency variable manufacturing overhead rate The v variance would have been impacted by the decrease in the cost of the chocolate and it would have been a V variance. The ance because it changed the department would have been re formula for the eggs. favorable unfavorable The v variance would have been impacted by the decrease in variance. The the cost of the chocolate and it would have been a department would have been responsible for formula for the eggs. se it changed the rate efficiency price quantity budget volume The v variance would have been impacted by the decrease in the cost of the chocolate and it would have been a V variance. The department would have been responsible for the variance because it changed the human resources production purchasing receiving W S11-4 (similar to) 5 Question Help Daisy Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay used for each planter is 19 pounds. The company uses a standard cost of $2.05 per pound of clay. Daisy produced 3,875 planters in May. In that month, 77,500 pounds of clay were purchased and used at the total cost of $155,000 Read the requirements. Requirement 1. Calculate the direct material price variance. Begin by determining the formula for the price variance, then compute the price variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials) Actual quantity purchased 77,500 x X($ Standard price 2.05 Actual price 2.00 ) = DM price variance = $ 3,875 F Requirement 2. Calculate the direct material quantity variance. Determine the formula for the quantity variance, then compute the quantity variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U).) DM quantity variance x Choose from any list or enter any number in the input fields and then click Check