Alpine Bakery uses a standard cost system to track costs for its signature "maple walnut" bread. The materials standard for each loaf produced is 0.8 pounds of walnuts at a standard cost of $5.25 per pound. During the month of October, Alpine purchased 14,500 pounds of walnuts at a total cost of $79,750. Alpine used all of these walnuts to produce 19,000 loaves of bread. What is Alpine's materials quantity variance for the month of October?

Alpine Bakery uses a standard cost system to track costs for its signature "maple walnut" bread. The materials standard for each loaf produced is 0.8 pounds of walnuts at a standard cost of $5.25 per pound. During the month of October, Alpine purchased 14,500 pounds of walnuts at a total cost of $79,750. Alpine used all of these walnuts to produce 19,000 loaves of bread. What is Alpine's materials quantity variance for the month of October?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 6PB: Box Springs. Inc., makes two sizes of box springs: queen and king. The direct material for the queen...

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