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Delicious Desserts makes cupcakes and cookies. The company gathered the following information for the current year regarding its use of flour and butter (flour
Delicious Desserts makes cupcakes and cookies. The company gathered the following information for the current year regarding its use of flour and butter (flour is a direct material for cupcakes and butter is a direct material for cookies): Flour (Direct Butter (Direct Standard quantity per batch Standard Price (SP) per pound Materials) Cupcakes 4 lbs. $0.35/lb. Materials) Cookies 2 lbs. ? Actual quantity purchased (AQP) and used per batch (pounds) Actual Price (AP) paid Price variance Quantity variance Flexible budget variance 2 $0.65/lb $210 U $658 F ? 4 lbs. $3.50/lb. $1,900 U ? $2,700 U
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