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help with accounting question Question 2. (input price and quantity variances) Pietro's Pizza has established the following standards for making one pizza Dough: 0.45 pounds
help with accounting question
Question 2. (input price and quantity variances) Pietro's Pizza has established the following standards for making one pizza Dough: 0.45 pounds at $2 per pound Labor: 0.3 hours at $12 per hour Actual sales volume for the past month was 13,000 units. Actual dough and labor quantities and prices were as follows: 3,900 pounds (total) at $1.5 per pound Dough: 4,550 hours (total) at $16 per hour Labor: Required: (enter favorable and unfavorable variances as positive and negative numbers, without F or U) (a) What are the input price and quantity variances for dough? materials price variance = $ (enter negative numbers with a minus, i.e., negative $100 is -100, not ($100)) materials quantity variance = $ (enter negative numbers with a minus) (b) What are the input price and quantity variances for labor? labor rate variance $ (enter negative numbers with a minus) labor efficiency variance $ (enter negative numbers with a minus)Step by Step Solution
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