Question
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
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 Material) Cupcakes | Butter (Direct Materials)Cookies | |
| Standard quantity per batch | 5 lbs. | 2 lbs |
| Standard Price (SP) per pound | $0.30/lb | ? |
| Actual quantity purchased (AQP) and used per batch (pounds) | ? | 5 lbs |
| Actual Price (AP) paid | $0.4/lb. | $2.62/lb. |
| Price variance | $70 U | $600 U |
| Quantity variance | $452 F | ? |
| Flexible budget variance | ? | $2,600 U |
| Number of units produced | 450 | 300 |
What is the actual direct material quantity used per batch for Cupcakes
A. 1.6lbs B.2227.0lbs C.0.6lbs D.0.2lbs What is the direct materials flexible budget variance for the flour in cupcakes?
O A. $864 favorable O B. $864 unfavorable OC. $384 unfavorable OD. $384 favorable
What is the standard price per pound of Cookies ?
What is the quantity variance of Cookies ?
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Practice Management With Auditing For Coders
Authors: Elsevier
1st Edition
0323482333, 978-0323482332
