Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you please help me solve this? Assume the following standards for Dahlgren's Gluten Free & Vegan Bakery, based on production of 2,500 loaves of

image text in transcribedcan you please help me solve this?

Assume the following standards for Dahlgren's Gluten Free & Vegan Bakery, based on production of 2,500 loaves of bread. Actual production was 2,100 loaves of bread and each loaf was sold for a retail price of $20. DESCRIPTION COST CATEGORY STANDARDS ACTUALS Direct Materials 12,000 lbs Quantity of Ingredients Purchase Price Direct Materials $1.25 per lb 4.00 lbs. per loaf $1.60 per lb 0.50 hours per loaf $15.00 per hour Direct Labor Hours Direct Labor 1,000 hours Direct Labor Rate Direct Labor $18.00 per hour Using the information provided above, calculate the following variances and identify if they are favorable or unfavorable. FAVORABLE (F) OR DESCRIPTION VARIANCE AMOUNT UNFAVORABLE (U) Direct Material Price Variance Direct Labor Rate Variance Direct Material Sales Volume Variance Direct Labor Flexible Budget Variance

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

Accounting For Risk In The Nhs

Authors: P. Fenn, S. Diacon, R. Hodges, P. Watson

2nd Edition

1859713491, 978-1859713495

More Books

Students also viewed these Accounting questions

Question

Name and accurately describe two projective tests.

Answered: 1 week ago

Question

How many three-digit numbers are divisible by 7?

Answered: 1 week ago

Question

What is Indian Polity and Governance ?

Answered: 1 week ago

Question

How was their resistance overcome?

Answered: 1 week ago