Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Campbell Fruit Drink Company planned to make 199,000 containers of apple juice, It expected to use two cups of frozen apple concentrate to make each

image text in transcribed
Campbell Fruit Drink Company planned to make 199,000 containers of apple juice, It expected to use two cups of frozen apple concentrate to make each container of juice, thus using 398,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.22. Campbell actually paid $125,860 to purchase 406,000 cups of concentrate, which was used to make 200,000 containers of apple juice. Required: b. Compute the actual price per cup of concentrate. (Round your answer to 2 decimal places.) c. Compute the standard quantity (number of cups of concentrate) required to produce the containers. d. Compute the materials price variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (.e., zero variance). Round "Price variance" to 2 decimal places.) e. Compute the materials usage variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there is no effect (i.e., zero variance). Round "Usage variance" to 2 decimal places.) b. Actual price c. Standard quantity d. Total price variance e. Total usage variance per cup cups U LU

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

11th Edition

0072834943, 9780072834949

More Books

Students also viewed these Accounting questions