Question
Please calculate the Fruit Quantity Variance for me? Byleth is a part-time employee at a daycare and has responsibility over all food purchases and preparation
Please calculate the Fruit Quantity Variance for me?
Byleth is a part-time employee at a daycare and has responsibility over all food purchases and preparation for the kids. Food costs (snacks for the kids, including peanut butter and jelly sandwiches and fruit) this year were $46,561, which is $239 less than the $46,800 that Byleths bossInklingbudgeted at the beginning of the year (i.e., the static budget), so Inkling is considering giving Byleth a small bonus. Use the cost information below to compute the required variances. Be sure to indicate whether the variance is favorable (F) or unfavorable (U).
Budgeted number of snacks 18,000 | ||
Actual number of snacks served 17,500 | ||
| Bread | Fruit |
Standard price | $5.00 per loaf (20 slices) i.e., $0.25 per slice | $0.50 per piece of fruit |
Standard quantity | 2 slices per snack | 2 pieces of fruit per snack |
Actual price | $5.00 per loaf (20 slices) i.e., $0.25 per slice | $0.48 per piece of fruit |
Actual quantity | 2.2 slices per snack | $2.04 pieces of fruit per snack |
Please enter numbers only (no "$" sign), and then without adding a "space" indicate if the variance was favorable "F" or unfavorable "U".
Fruit Quantity Variance = ?
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