Ameyuri Ringo Dinners Inc. packages a frozen fish dinner that consists of 9 ounces ofhalibut, 6 ounces of asparagus, 7.5 ounces of, rice, and 4.5 ounces of yogurt. OnOctober 1, the following price standards were set for each batch of 1,000 dinners:MaterialsPrice StandardP.60 perItemHalibutounceAsparagus..Rice.2510Yogurt.20The actual cost for 1,000 dinners was: halibut, P.70 per ounce; asparagus P.20 perounce; rice, P.12 per ounce; and yogurt, P.22 per ounce.Quantity variances arise from the cooking process. The materials used for the 1,000dinners in Batch 1099 were:Halibut.8,250 ouncesAsparagus..Rice5,700Yogurt.7,3504,725Required: Determine the materials price usage variance and the materials quantity (orusage) variance for Batch 1099. (Indicate whether each variance is favorable orunfavorable.)

Material Price Usage Variance = Actual Unit at Standard Price x Actual Usage Material Quantity…

Answered: Ameyuri Ringo Dinners Inc. packages a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Edo Sushi Restaurant offers two types of all-you-can eat options: regular and ultimate. Ultimate provides more choices than the regular menu. The restaurant incurs fixed costs of $9,000 per month. Its planned sales mix in units is 40% regular and 60% ultimate. The following table indicates the selling price and variable costs for each option. Regular Ultimate $20 $24 $16 Selling Price Variable Cost $13 Do not enter dollar signs or commas in the input boxes. Round your answers up to the nearest whole number. How many units of each of the regular and ultimate options need to be sold each month for the company to break-even, assuming the planned sales mix is maintained. Break-even point Regular Break-even point Ultimate:
Cari Furniture has the following information in respect of Coffee tables for 2021: Production specifications: Beginning Inventory Target Ending Inventory Direct Materials: Particle board 20,000 b.f. 18,000 b.f. Teak 25,000 b.f. 22,000 b.f. Finished goods: Coffee tables 5,000 units 3,000 units Revenue expected for 2021 are: Selling price $392 per table Units sold 52,000 coffee tables Each coffee table requires 9.00 b.f. of particle board and 10.00 b.f. of Teak. Costs for 2020 and expected for 2021 include: 2020 2021 Particle board (per b.f.) $ 3.90 $ 4.00 Teak (per b.f.) $ 5.80 $ 6.00 Laminating labor (per hour) $24.00 $25.00 Machining labor (per hour) $29.00 $30.00 Prepare the materials usage budget.
What is the average CM $ (per menu item) of a menu with a total food cost of $40,000, check average of $14.68, and guest count of 5,285? $7.11 $7.57 $8.97 $8.50
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Required: Prepare the Hiatt Hotel's bank reconciliation for January 20X2. lato qioon de Annd Problem 10 The Terica Café uses a standard cost approach to aid in controlling its food costs. Listed below are the sales price, standard food cost, and quantity sold for its five sandwiches for the week ended August 28. Required Item Selling Price Standard Food Quantity LanSold benhg holltila Cost Evalu e et Pork Barrel kal $4.95 Idovs $1.60 50 Chicken Breast 4.4509 100 1.40 ylim Burger Delightod orlt es ov sv-3.95 how 0.95 2sri orlw emc 150 tosa1.70la ed ei 80v Ocean Catch in 4.95uf edd2.95 won e 0.45 lesiti 40 r IAGO the o Egg Salad aplgre
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Suppose a supermarket ordered 11 cases of organic vegetable soup with a list price of $18.90 per case and 6 cases of organic baked beans with a list price of $33.50 per case. The wholesaler offered the supermarket a 39% trade discount. (Round your answers to the nearest cent.) (a) What is the total extended list price (in $) of the order? (b) What is the total amount of the trade discount (in $) on this order? (c) What is the total net amount (in $) the supermarket owes the wholesaler for the order?

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