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Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month or June, the
Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month or June, the company plans to make 1,000 pizzas. It has created a planning budget that indudes a cost formula for mozzarella cheese of $10.00 per pizza. At the end of June, Southside actually sold 1100 pizzas and the actual cost of the cheese that it used during the month was $3,102. Required: 1. What is the mozzarella cheese spending variance for June? 2. Assume that the company establishes a price standard of $1.25 per ounce for mozzareila cheese and a quantity standard of eight ounces of cheese per pizza. Also, assume that Southiside actualy used 9,400 ounces of cheese during the month to make 1,100 pizzas. a. What is the materials price variance for mozzarelia cheese for June? b. What is the materlals quantity variance for mozzarelia cheese for June? c. What is the materials spending variance for mozzarella cheese for June? Complete this question by entering your answers in the tabs below. What in the mozzarella cheese spending varbance for June? (Indicate the effect of each variance by selecting "F" for favorable, Analytical Thinking (Algo) [LO9-2, LO9.4] Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas, It has. created a planning budget that includes a cost formula for mozzarella cheese of $1000 per pizza. At the end of June, Southside actually sold 1,100 pizzas and the actuat cost of the cheese that it used during the month was $3,102 Required: 1. What is the mozzarella cheese spending variance for June? 2. Assume that the company establishes a price standard of $1.25 per ounce for mozzarella cheese and a quantity standard of eight. ounces of cheese per pizza. Also, assume that Southilde actually used 9,400 ounces of cheese during the month to make 1,100 pizzas. a. What is the matenals price variance for mozzarella cheese for June? b. What is the materials quantity variance for mozzarelia cheese for June? c. What is the materials spending variance for mozzarella cheese for June? Complete this question by entering your answers in the tabs below. Assume that the company establishes a price standard of 51.25 per ounce for mozzarella cheese and a quantity standard of eight ounces of cheese per pizza. Also, assume that Southside actually used 9,400 ounces of cheese during the month to make 1,100 pizcas: a. What is the materiale price variance for mozzarell cheese for lune? b. What is the materials quantity variance for movarella cheese for Junu? c. What is the materials spending variance for mozcarella cheese for June? (Indicate the effect of each varlance by selecting "F' for tworable, " U * for unfavorable, and "None" for no effect (hi.e, zero variance). Input all amounts as poditivo valuesi,)
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