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The Mummy Pizza Company estimates that it should be able to make and sell 5,000 pizzas in one week. The company has developed the following
The Mummy Pizza Company estimates that it should be able to make and sell 5,000 pizzas in one week. The company has developed the following standards for one of its pizza products: |
Standard Costs per pizza: | Sauce 2 oz at $2.30 per pound | |||||
Cheese 10 oz at $4.50 per pound | ||||||
Direct Labor 4 minutes, paying $15 per hour | ||||||
In the first week of April, Mummy Pizza Company makes and sells 4,000 pizzas. Amounts purchased and used are as follows: | ||||||
Purchased | Used | |||||
Sauce | 120 lbs for $360 | 110 lbs | ||||
Cheese | 2,100 lbs for $9,340 | 2,650 lbs | ||||
Mummy Pizza Company paid $2,400 in direct labor for the week, for 160 hours of work (4 full time staff). |
calculate the Material price and usage variances for the Sauce. Also do the journal entries. |
Sauce Materials Price & Sauce Materials Usage
Cheese Materials Price & Cheese Materials Usage
Labor - rate and efficiency variances
Please explain the math out in detail this teacher with classwork is not the best she does go over it in class but I'm not understanding it well but if I see it part by part I can understand perfectly. Just like all the other chapters.
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