Dozen Bakery makes cupcakes and cookies. Dozen 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 Materials) Cupcakes 5 lbs. $0.45/lb. Butter (Direct Materials) Cookies 4 lbs. ? Standard quantity per batch Standard Price (SP) per pound Actual quantity purchased (AQP) and used per batch (pounds) Actual Price (AP) paid Price variance Quantity variance Flexible budget variance Number of units produced 0.55/lb. $30 U $211 F 5 lbs. $7.00/lb. $500 U 2 $2,500 U 280 300 O A. $181 favorable O B. $181 unfavorable OC. $241 unfavorable OD. $241 favorable Dozen Bakery makes cupcakes and cookies. Dozen 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 Materials) Cupcakes 5 lbs. $0.45/lb. Butter (Direct Materials) Cookies 4 lbs. ? Standard quantity per batch Standard Price (SP) per pound Actual quantity purchased (AQP) and used per batch (pounds) Actual Price (AP) paid Price variance Quantity variance Flexible budget variance Number of units produced 0.55/lb. $30 U $211 F 5 lbs. $7.00/lb. $500 U 2 $2,500 U 280 300 O A. $181 favorable O B. $181 unfavorable OC. $241 unfavorable OD. $241 favorable