Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: SP Direct materials 1.2 pounds e.8 hours $ 1.50 per pound $12.00 per hour Direct labor During the month of May. the company made 900 cakes and incurred the following actual costs. Direct materials purchased and used (1.340 pounds) $1,742 Direct labor (960 hours) $11,040 Required: 1. Calculate the direct materials price variance. 2. Calculate the direct materials quantity variance. 3. Calculate the direct materials variance. A Cale
Betty's Bakery has the following standard cost sheet for one unit of its most popular cake: SP Direct materials 1.2 pounds e.8 hours $ 1.50 per pound $12.00 per hour Direct labor During the month of May. the company made 900 cakes and incurred the following actual costs. Direct materials purchased and used (1.340 pounds) $1,742 Direct labor (960 hours) $11,040 Required: 1. Calculate the direct materials price variance. 2. Calculate the direct materials quantity variance. 3. Calculate the direct materials variance. A Cale
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter9: Standard Costing: A Functional-based Control Approach
Section: Chapter Questions
Problem 30P: Algers Company produces dry fertilizer. At the beginning of the year, Algers had the following...
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