QI Homework: Chapter 11 Homework (GRADED) The Evan Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants hours were incurred in the plant at a rate of $12.50 per hour. The standard price per pound of potatoes is $1. factory should have used 96,000 pounds of potatoes and 1,400 hours of direct labor. Read the requirements. Requirement 1. Determine the direct material price and quantity variances. Be sure to label each variance a the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U). Abbreviations used: DM = Begin by determining the formula for the price variance, then compute the price variance for direct materials. * ( X Course Home X P Do Homework - Chapter 11 H * + flushed=false&cid=6670706¢erwin=yes Incognito Update Kate Butler * | 12/12/21 10:21 PM -5, E11-22A (si... Part 1 of 6 HW Score: 0%, 0 of 7 points O Points: 0 of 3 Save ek, Evan's purchased and used 100,000 pounds of potatoes at a price of $0.85 per pound. During the week, 1,600 direct labor the standard direct labor rate is $12.20 per hour. Standards indicate that for the number of bags of frozen fries produced, the mble or unfavorable. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to materials.) ice variance QI Homework: Chapter 11 Homework (GRADED) The Evan Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants hours were incurred in the plant at a rate of $12.50 per hour. The standard price per pound of potatoes is $1. factory should have used 96,000 pounds of potatoes and 1,400 hours of direct labor. Read the requirements. Requirement 1. Determine the direct material price and quantity variances. Be sure to label each variance a the nearest whole dollar. Label the variances as favorable (F) or unfavorable (U). Abbreviations used: DM = Begin by determining the formula for the price variance, then compute the price variance for direct materials. * ( X Course Home X P Do Homework - Chapter 11 H * + flushed=false&cid=6670706¢erwin=yes Incognito Update Kate Butler * | 12/12/21 10:21 PM -5, E11-22A (si... Part 1 of 6 HW Score: 0%, 0 of 7 points O Points: 0 of 3 Save ek, Evan's purchased and used 100,000 pounds of potatoes at a price of $0.85 per pound. During the week, 1,600 direct labor the standard direct labor rate is $12.20 per hour. Standards indicate that for the number of bags of frozen fries produced, the mble or unfavorable. (Enter the variances as positive numbers. Enter currency amounts to the nearest cent and your answers to materials.) ice variance