The Bolognese Corporation is in the process of setting price standards for its direct materials. Polymer clay is used in one product. The polymer clay is purchased for $15 per kilogram. The Bolognese Corporation always pays its suppliers within 10 days, so it is able to take advantage of a 5% early payment discount offered by the vendor. Freight-in for the clay is $0.25 per kilogram, while receiving costs are $0.05 per kilogram. What is the standard price per kilogram of polymer clay? Weber's Data Set used for S10-8 through S10-12: The standard direct materials for a regular Weber's hamburger are as follows: 1/4 teaspoon of mustard 25 g of ketchup bun I pickle slice hamburger patty 1/8 teaspoon of onion ssume that the company has set the following standard materials prices: Suns......... $0.10 each Onion... Hamburger patties.............. $0.20 each Mustard. Pickle slices ..... ... ... $0.03 per slice Ketchup..................... $0.08 per teaspoon $0.04 per teaspoon ........ $0.20 per 100 g n addition to the direct materials standards, the company sets standards for direct labour. The standard labour wage rate is $12 per hour. Since the griddles are so large, the restaurants cooks che hamburgers in batches of 20. The standard time allotted to cook, apply condiments, and wrap each batch of 20 hamburgers is four minutes. Assume that a Halifax, N.S., Weber's sold 5,000 hamburgers yesterday and actually used the Following materials: 5,150 buns 5,100 hamburger patties 4,800 pickles slices 800 teaspoons of onion 1,400 teaspoons of mustard 137.5 kg of ketchup S10-8 Compute standard cost of direct materials (Learning Objective 3) Refer to the Weber's data set above. Compute the standard direct materials cost per hamburger. S10-9 Compute standard cost of direct labour (Learning Objective 3) Refer to the Weber's data set above. Compute the standard direct labour cost per hamburger. (Hint: Find the quantity and price standards in minutes.) 510-10 Compute direct materials efficiency variances (Learning Objective 4) Refer to the Weber's data set above. 1. Compute the direct materials efficiency variance for buns, hamburger patties, and pickle slices. 2. As a manager, what would you learn from the variances and supporting data? S10-11 Compute more direct materials efficiency variances (Learning Objective 4) Refer to the Weber's data set above. 1. Compute the direct materials efficiency variance for onion, mustard, and ketchup. 2. As a manager, what would you learn from the variances and supporting data
