• The corporate office had budgeted Papa John's to sell 2,500 large pizzas during the week beginning February 1. Each pizza was expected to contain 6 ounces of toppings. During the week of February 1, the shop actually sold 2,800 pizzas and used 18,000 ounces of toppings. The standard cost of toppings is $0.30 per ounce. The variance report from company headquarters showed an unfavorable materials usage variance of $240.
• Required:
  1. Verify the accuracy of the variance calculation. If incorrect, provide the correct calculation.
  2. Provide three independent reasons for the materials usage variance discovered in Requirement 1.