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Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk.
Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,500 bars) are as follows: Ingredient Quantity Price Cocoa 540 lbs. $0.40 per lb. Sugar 150 lbs. $0.60 per lb. Milk 120 gal. $1.20 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $:] per bar Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 39,000 hours of production in the Weaving Department. The department has a full capacity of 52,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $128,700 Fixed overhead 88,400 Total $217,100 The actual factory overhead was $219,700 for November. The actual xed factory overhead was as budgeted. During November, the Weaving Department had standard hours at actual production volume of 41,000 hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. ) a. Variable factory overhead controllable variance: $:] Favorable v / b. Fixed factory overhead volume variance: $[:] Unfavorable v J
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