Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
As shown in # 7 , Julie budgeted that she would spend $ 2 . 4 0 for a carton of 1 2 eggs and
As shown in # Julie budgeted that she would spend $ for a carton of eggs and that each cake would require eggs and we produced cakes. She also budgeted that she would pay her bakers $ and that each cake would take hours to complete. If things do not go how Julie plans, she needs to be able to figure out why. If Julie ends up paying $ for a carton of eggs and uses eggs in each cake, what would be the direct materials variances? If Julie ends up paying her bakers $ hr but each cake requires hours to make, what would be the direct labor variance? Assuming there are no other variances, what was the budgeted cost for a cake in terms of eggs and baker wages and how does the actual cost compare?Requirment : Use the data provided to calculate the total flexible budget variance. Flexible Budget Vs Actual Results Flexible Budget Standard Cost x Standard Quantity Actual Results Actual Cost x Actual Quantity Total Flexible Budget Variance should equal DM variance DL variance to check your answer
As shown in # Julie budgeted that she would spend $ for a carton of eggs and that each
cake would require eggs and we produced cakes. She also budgeted that she would pay her
bakers $ and that each cake would take hours to complete. If things do not go how Julie
plans, she needs to be able to figure out why.
If Julie ends up paying $ for a carton of eggs and uses eggs in each cake, what would be
the direct materials variances?
If Julie ends up paying her bakers $ hr but each cake requires hours to make, what would be
the direct labor variance?
Assuming there are no other variances, what was the budgeted cost for a cake in terms of eggs
and baker wages and how does the actual cost compare?Requirment :
Use the data provided to calculate the total flexible budget variance.
Flexible Budget Vs Actual Results
Flexible Budget Standard Cost x Standard Quantity
Actual Results Actual Cost x Actual Quantity
Total Flexible Budget Variance
should equal DM variance DL variance to check your answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started