Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1.Dublin Pub purchases its signature ale from a local custom brewery for $250 per keg. Dublin Pub can pour 120 pints per keg and sells

Q1.Dublin Pub purchases its signature ale from a local custom brewery for $250 per keg. Dublin Pub can pour 120 pints per keg and sells them for $B each. The pub budgeted to sell 1,440 pints in October but actually sold 1,420. It used 12.5 kegs in October and earned revenue of 511,218.Requireda) Calculate October's total sales price variance.Calculate October's cost variance for ale.

image text in transcribed
Gaurav's Restaurant is analyzing an increase in its labour cost. You have been given the following information on the average hourly rate for its front-of-house positions and an excerpt from its budget and actual results for the month. Position Average Rate Server Busser Host Actual Budget Position Total Cost Hours Worked Total Cost Hours Worked Server $11.963 Burger 2.320 Host LOLS Required a) |Calculate the cost variance for each position. b) Calculate the quantity variance for each position. c) Calculate the total variance for each position

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cambridge IGCSE And O Level Accounting Coursebook

Authors: Catherine Coucom

2nd Edition

1316502775, 978-1316502778

More Books

Students also viewed these Accounting questions

Question

1. Let a, b R, a Answered: 1 week ago

Answered: 1 week ago

Question

2. How do I perform this role?

Answered: 1 week ago