Use the following information to solve Questions 1 through 8 below.

Byleth is a part-time employee at a daycare and has responsibility over all food purchases and preparation for the kids. Food costs (snacks for the kids, including peanut butter and jelly sandwiches and fruit) this year were $46,561, which is $239 less than the $46,800 that Byleths bossInklingbudgeted at the beginning of the year (i.e., the static budget), so Inkling is considering giving Byleth a small bonus.

1 to 4. Based on the cost information below, compute the missing variances indicated in the table provided. Be sure to indicate whether the variance is favorable (F) or unfavorable (U).

Enter your responses here:

	Price Variance	Quantity Variance
Bread
Fruit

18000 Budgeted number of snacks Actual number of snacks served 17500 Fruit Bread 5.00 per loaf (20 slices) Standard price Peanut Butter 6.00 per 10 oz jar 1 oz. per snack $ $ $ Jelly 5.00 per 10 oz. jar 1 oz. per snack $ 0.50 per piece of fruit 2 per snack Standard quantity $ 2 slices per snack 5.00 per loaf (20 slices) 2.2 slices per snack $ Actual price Actual quantity $ 6.00 per 10 oz jar 1 oz. per snack 5.00 per 10 oz. jar 1 oz. per snack $ 0.48 per piece of fruit 35,700 total 18000 Budgeted number of snacks Actual number of snacks served 17500 Fruit Bread 5.00 per loaf (20 slices) Standard price Peanut Butter 6.00 per 10 oz jar 1 oz. per snack $ $ $ Jelly 5.00 per 10 oz. jar 1 oz. per snack $ 0.50 per piece of fruit 2 per snack Standard quantity $ 2 slices per snack 5.00 per loaf (20 slices) 2.2 slices per snack $ Actual price Actual quantity $ 6.00 per 10 oz jar 1 oz. per snack 5.00 per 10 oz. jar 1 oz. per snack $ 0.48 per piece of fruit 35,700 total