Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 3,900

image text in transcribed
image text in transcribed
image text in transcribed
Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 3,900 cups of flour at $0.50 per cup. They use 3,512.5 cups of flour to make 4,700 biscuits. The standard cost per cup of flour is $0.48. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers. B. What is the standard cost per biscuit for the semolina flour? Round your answer to four decimals. Acme Inc. has the following information available: A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive Numhare B. What are some possible causes for this combination of favorabie and unfavorable variances? We paid less for our raw material, and assembly took fewer hours than expected. Acme Inc. has the following information available: A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts a numbers. B. What are some possible causes for this combination of favorable and unfavorable variances? We paid more for our raw material, and assembly took fewer hours than expected

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

Information Technology Control And Audit

Authors: Angel R. Otero

5th Edition

1498752284, 9781498752282

More Books

Students also viewed these Accounting questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago

Question

1. What would you do if you were Jennifer, and why?

Answered: 1 week ago