Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my work 9 Munoz Fruit Drink Company planned to make 205,000 containers of apple juice. It expected to use two cups of frozen apple

image text in transcribed

Check my work 9 Munoz Fruit Drink Company planned to make 205,000 containers of apple juice. It expected to use two cups of frozen apple concentrate to make each container of juice, thus using 410,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.23. Munoz actually paid $121,272 to purchase 418,180 cups of concentrate, which was used to make 206,000 containers of apple juice. points Required: eBook 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.) D References per cup cups b. Actual price c. Standard quantity d. Total price variance e Total usage 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

Investments Unlimited A Novel About DevOps Security Audit Compliance And Thriving In The Digital Age

Authors: Helen Beal, Bill Bensing, Jason Cox, Michael Edenzon, John Willis

1st Edition

1950508536, 978-1950508532

More Books

Students also viewed these Accounting questions

Question

Is there a buffer? Is there an attempt to soften the blow? Explain.

Answered: 1 week ago

Question

Is conflict always unhealthy? Why or why not? (Objective 4)

Answered: 1 week ago