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Budgeted quantities and budgeted prices of direct materials: Actual quantity, cost, and mix of inputs: Treasure Snacks produces snack mixes for the gourmet and natural
Budgeted quantities and budgeted prices of direct materials:
Actual quantity, cost, and mix of inputs:
Treasure Snacks produces snack mixes for the gourmet and natural foods market. (Click the icon to view the budgeted quantities and budgeted prices of direct materials.) i X Data Table Its most popular product is Tempting Trail Mix, a mixture of peanuts, dried cranberries, and chocolate pieces. For each batch, the budgeted quantities and budgeted prices are as follows: Quantity per Batch Price per Cup 80 cups $ Peanuts Dried Cranberries 30 cups 3 S $ Chocolate pieces 10 cups N In the current period, Treasure Snacks made 110 batches of Tempting Trail Mix with the following actual quantity, cost, and mix of inputs: Click the icon to view the actual quantity, cost, and mix of inputs.) Requirement 1. What is the budgeted cost of direct materials for the 110 batches? Begin by calculating the total budgeted number of cups and the budgeted cost of direct materials for one batch. Quantity for Total Cost for One Batoh One Batch $ 80 Peanuts Dried Cranberries Chocolate pieces 80 cups 30 cups 10 cups 100 cups Price of Input S 1 per cup S 3 per cup S 2 per cup 90 20 170 Total Now select the formula and enter the amounts to calculate the budgeted cost of direct materials for 110 batches. Budgeted cost per batch Number of batches Budgeted cost of 110 batches
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