Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can someone please answer the incorrect ones? Thank you. Rooney Fruit Drink Company planned to make 193,000 containers of apple juice. It expected to use
Can someone please answer the incorrect ones? Thank you.
Rooney Fruit Drink Company planned to make 193,000 containers of apple juice. It expected to use two cups of frozen apple concentrate to make each container of juice, thus using 386,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.23. Rooney actually paid $122,084 to purchase 393,820 cups of concentrate, which was used to make 194,000 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 (i.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.) X Answer is complete but not entirely correct. . b. $ 0.30 per cup C. 388,000 cups Actual price Standard quantity Total price variance Total usage variance d. $ 27,567.40 X U e. $ 5,820.23 X UStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started