Question
Question 2. (input price and quantity variances) Pietro's Pizza has established the following standards for making one pizza: Dough: 0.65 pounds at $1 per pound
Question 2. (input price and quantity variances) Pietro's Pizza has established the following standards for making one pizza: Dough: 0.65 pounds at $1 per pound Labor: 0.35 hours at $10 per hour Actual sales volume for the past month was 8,000 units. Actual dough and labor quantities and prices were as follows: Dough: 4,000 pounds (total) at $0.5 per pound Labor: 3,200 hours (total) at $13 per hour Required: (enter favorable and unfavorable variances as positive and negative numbers, without F or U) (a) What are the input price and quantity variances for dough? input price variance = $ 1 (enter negative numbers with a minus, i.e., negative $100 is -100, not ($100)) input quantity variance = $ 2 (enter negative numbers with a minus) (b) What are the input price and quantity variances for labor? input price variance = $ 3 (enter negative numbers with a minus) input quantity variance = $ 4 (enter negative numbers with a minus)
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