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Test on Variance Analysis Use the following information to solve Questions 1 through 8 below. Byleth is a part-time employee at a daycare and has
Test on Variance Analysis Use the following information to solve Questions 1 through 8 below. Byleth is a part-time employee at a daycare and has responsibility over all food purchases and preparation for the kids. Food costs (snacks for the kids, including peanut butter and jelly sandwiches and fruit) this year were $46,561, which is $239 less than the $46,800 that Byleth's boss-Inklingbudgeted at the beginning of the year (i.e., the static budget), so Inkling is considering giving Byleth a small bonus. 1 to 4. Based on the cost information below, compute the missing variances indicated in the table provided. Be sure to indicate whether the variance is favorable (F) or unfavorable (U). Budgeted number of snacks Actual number of snacks served 18000 17500 Jelly $ $ $ Bread 5.00 per loal (20 slices) 2 slices per snack 5.00 per loaf (20 slices) 2.2 slices per snack Peanut Butter 6.00 per 10 ozlar 1 oz. per snack 6.00 per 10 oz jar 1 102 per snack Standard price Standard quantity Actual price Actual quantity 5.00 per 10 oz jar 1 oz. per snack Fruit $ 0.50 per piece of fruit 2 per snack $ $ $ 5.00 per 10 oz. jor 1 oz. per snack $ 0.48 per piece of fruit 35.700 total Enter your responses here: Price Variance Quantity Variance Bread Fruit
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