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Practice the following: Be sure to format your answers to two decimals, comma style no decimals and percentages when appropriate. ABS IF A Standard Cost
Practice the following: Be sure to format your answers to two decimals, comma style no decimals and percentages when appropriate. ABS IF A Standard Cost Actual Cost Variance Fav/UnFav $ 10.25 $ 9.00 8.00 8.50 9.15 7.00 10.00 11.01 25.00 24.99 13.25 13.27 10.99 11.27 B Budget Actual Variance $ Variance % $ 100,000 $ 120,000 250,000 250,000 1,250,000 1,175,000 5,000,000 499,999 20,000 23,750 55,000 52,750 110 109 Total Amount per
Standard Standard
Standard Standard Cost Ingredient gallon Waste Usage Price per Gallon Grape concentrate 65 oz 5% oz $0.07 Sugar 1.1 lb 9% lb 0.35 Lemons 2 50% 0.61 Yeast 1 tablet 0% 0.27 Nutrient 1 tablet 0% 0.21 Water 1 oz 0% 0.005 Standard cost per gallon
Practice the following: | ||||||||||||||
Be sure to format your answers to two decimals, comma style no decimals and percentages when appropriate. | ||||||||||||||
ABS | IF | |||||||||||||
A | Standard Cost | Actual Cost | Variance | Fav/UnFav | ||||||||||
$ 10.25 | $ 9.00 | |||||||||||||
8.00 | 8.50 | |||||||||||||
9.15 | 7.00 | |||||||||||||
10.00 | 11.01 | |||||||||||||
25.00 | 24.99 | |||||||||||||
13.25 | 13.27 | |||||||||||||
10.99 | 11.27 | |||||||||||||
B | Budget | Actual | Variance $ | Variance % | ||||||||||
$ 100,000 | $ 120,000 | |||||||||||||
250,000 | 250,000 | |||||||||||||
1,250,000 | 1,175,000 | |||||||||||||
5,000,000 | 499,999 | |||||||||||||
20,000 | 23,750 | |||||||||||||
55,000 | 52,750 | |||||||||||||
110 | 109 | |||||||||||||
Total | ||||||||||||||
Amount per | Standard | Standard | Standard | Standard Cost | ||||||||||
Ingredient | gallon | Waste | Usage | Price | per Gallon | |||||||||
Grape concentrate | 65 | oz | 5% | oz | $0.07 | |||||||||
Sugar | 1.1 | lb | 9% | lb | 0.35 | |||||||||
Lemons | 2 | 50% | 0.61 | |||||||||||
Yeast | 1 | tablet | 0% | 0.27 | ||||||||||
Nutrient | 1 | tablet | 0% | 0.21 | ||||||||||
Water | 1 | oz | 0% | 0.005 | ||||||||||
Standard cost per gallon | ||||||||||||||
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