• The corporate office had budgeted KFC to sell 2,000 chicken buckets during the week beginning October 1. Each bucket was expected to contain 25 ounces of chicken. During the week of October 1, the shop actually sold 2,300 buckets and used 59,500 ounces of chicken. The standard cost of chicken is $0.35 per ounce. The variance report from company headquarters showed an unfavorable materials usage variance of $385.
• Required:
  1. Determine if the materials usage variance was calculated correctly. If not, recalculate it.
  2. Provide three independent explanations as to what could have caused the materials usage variance that you determined in Requirement 1.