Question
Having trouble answering this, please show work to verify correct answers. Thank you so much for all your help! --- Dozen Bakery makes cupcakes and
Having trouble answering this, please show work to verify correct answers. Thank you so much for all your help!
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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 Butter (Direct Materials)Cookies
Standard quantity per batch 2 lbs. 3 lbs.
Standard Price (SP) per pound $2.50/lbs ?
Actual quantity purchased(AQP)and used per batch (lbs) ? 4 lbs.
Actual Price (AP) paid $3.00/lb. $5.50/lb.
Price variance $300 U $1,200 U
Quantity variance $500 F ?
Flexible budget variance ? $3,100 U
Number of units produced 350 400
The actual direct material quantity used per batch for Cupcakes may be closest to
A 1.7 lbs. B. 2.0 lbs. C .4 lbs. D. 2.9 lb.
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An LCD screen is purchased to be used in the manufacturing of a digital watch. The Standard Price (SP) for the LCD screen used is $40.00. During the month of February, 3,400 screens were purchased and used. The materials price variance was$6,000 unfavorable. The standard number of screens allowed for the actual number of watches manufactured during the period was25,000 screens. The actual purchase price of each LCD screen may be closest to
A. $39.76 per LCD screen.
B.$38.24 per LCD screen.
C.$40.24 per LCD screen.
D.$41.76 per LCD screen.
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