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Betty s Bakery has the following standard cost sheet for one unit of its most popular cake: SQ SP Direct materials 1 . 2 pounds
Bettys Bakery has the following standard cost sheet for one unit of its most popular cake:
SQ SP
Direct materials pounds $ per pound
Direct labor hours $ per hour
During the month of May, the company made cakes and incurred the following actual costs.
Direct materials purchased and used pounds $
Direct labor hours $
Required:
Calculate the direct materials price variance.
Calculate the direct materials quantity variance.
Calculate the direct materials variance.
Calculate the direct labor rate variance.
Calculate the direct labor efficiency variance.
Calculate the direct labor spending variance.Bettys Bakery has the following standard cost sheet for one unit of its most popular cake:
SQ SP
Direct materials pounds $ per pound
Direct labor hours $ per hour
During the month of May, the company made cakes and incurred the following actual costs.
Direct materials purchased and used pounds $
Direct labor hours $
Required:
Calculate the direct materials price variance.
Calculate the direct materials quantity variance.
Calculate the direct materials variance.
Calculate the direct labor rate variance.
Calculate the direct labor efficiency variance.
Calculate the direct labor spending variance.Bettys Bakery has the following standard cost sheet for one unit of its most popular cake:
SQ SP
Direct materials pounds $ per pound
Direct labor hours $ per hour
During the month of May, the company made cakes and incurred the following actual costs.
Direct materials purchased and used pounds $
Direct labor hours $
Required:
Calculate the direct materials price variance.
Calculate the direct materials quantity variance.
Calculate the direct materials variance.
Calculate the direct labor rate variance.
Calculate the direct labor efficiency variance.
Calculate the direct labor spending variance.
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