1. We are analyzing 2 products - product Hamburgers(HB)and Double Deckers(DD)

• Product HB requires 1 Patty (P) and 2 Buns (B)
• Product Y requires 2 Patties (P) and 3 Buns B)
• The standard cost for P is $1 per unit.
• The standard cost for B is $0.50 per unit.
• During this month, the company purchased 5,000 Ps for $4,950 (there was no beginning balance).
• During this month, the company purchased 5,000 units of Bs for $2,600. (there was no beginning balance).
• During the month the company produced 500 HBs and 1000 DDs.
• During the month the company used 2520 units of Psand 3975 units of Bs.
• Payroll was $315, with 16 hours (this is actual - direct labor only).
• Each burger requires 1/100 of an hour for Direct Labor
• Labor standard cost is $20 per hour.

hint: for production of both X and Y

Questions 1-27: Suggestion:Use a scratch paper to solve all the variances first, then answer the questions.

1. Buns - Price Variance
2. Buns - Use (Quantity) variance
3. Buns -Direct Material Total Variance
4. Buns- Flex budget
5. Buns -Direct Material total variance (Favorable or unfavorable)
6. Buns - Standard Cost (total)
7. Buns - Actual Cost (total)
8. Buns - use variance (fav or unfav)
9. Buns - Price variance (Fav or unfav)
10. Patties - Flex budget
11. Patties - Standard cost (total)
12. Patties - Direct Material total variance (fav or unfav)
13. Patties - Direct Material total variance
14. Patties - Price variance
15. Patties - Use (Q) variance (fav or unfav)
16. Patties - Use (Quantity) variance
17. Patties - Price variance (fav or unfav)
18. Patties - Actual cost (total)
19. Rate Labor Price Variance (fave or unfav)
20. DL - Efficiency Labor quantity variance (fav or unfav)
21. DL - Total variance
22. DL - total variance(fav or unfav)
23. DL - Standard cost (total)
24. DL - Efficiency variance (LQ)
25. DL - Actual Cost (total)
26. Rate variance (Labor Price)
27. DL - Flex budget