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Thornton Frult Drink Company planned to make 204,000 contalners of apple Julce. It expected to use two cups of frozen apple concentrate to make each
Thornton Frult Drink Company planned to make 204,000 contalners of apple Julce. It expected to use two cups of frozen apple concentrate to make each contalner of Julce, thus using 408,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.22. Thornton actually pald $133,168 to purchase 416,150 cups of concentrate, which was used to make 205,000 contalners of apple Juice. Requlred: b. Compute the actual price per cup of concentrate. (Round your answer to 2 declmal places.) c. Compute the standard quantity (number of cups of concentrate) required to produce the containers. d. Compute the materlals price varlance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there Is no effect (l.e., zero varlance). Round "Price varlance" to 2 declmal places.) e. Compute the materlals usage varlance and Indicate whether it is favorable (F) or unfavorable (U). (Select "None" If there Is no effect (l.e., zero varlance). Round "Usage varlance" to 2 declmal places.)
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