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please use words from work bank to fill in terms for equation Helena owns a fruit smoothie shop at the local mall. Each smoothie requires
please use words from work bank to fill in terms for equation
Helena owns a fruit smoothie shop at the local mall. Each smoothie requires 1/2 pound of mixed berries which are expected to cost $7 per pound during the summer months. During the month of June, Helena purchased and used 2,880 pounds of mixed berries at a cost of $6.75 per pound. Helena's shop sold 5,700 smoothies during the month. 1. Calculate the DM price variance. Is the variance favorable or unfavorable? 2. Calculate the DM efficiency variance. Is the variance favorable or unfavorable? 3. Calculate the total DM variance. Is the variance favorable or unfavorable? 1. Calculate the DM price variance. Is the variance favorable or unfavorable? Begin by determining the formula for the price variance, then compute the price variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials) rariance favorable or unfavorable? ice variance, then compute the price variance for the direct materials. (Enter urrency amounts in the formula to the nearest cent and then round the final ar. Label the variance as favorable (F) or unfavorable (U). AbbreviationsStep by Step Solution
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