Bonita Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, eg. 2.75.) Type of Materials Rogue11 Storm17 Beast29 Quantity Purchased lbs. 4,800 oz. 21,500 units $ Actual Price Variance Report-Purchasing Department For Week Ended January 9, 2022 $5.15 BONITA CORPORATION $0.35 $ Standard Price $4.95 $3.20 $4,820 Price Variance $1,200 Unfavorable $1,075 Favorable Explanation Price increase Rush order Bought larger quantity
Bonita Corporation prepared the following variance report. Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, eg. 2.75.) Type of Materials Rogue11 Storm17 Beast29 Quantity Purchased lbs. 4,800 oz. 21,500 units $ Actual Price Variance Report-Purchasing Department For Week Ended January 9, 2022 $5.15 BONITA CORPORATION $0.35 $ Standard Price $4.95 $3.20 $4,820 Price Variance $1,200 Unfavorable $1,075 Favorable Explanation Price increase Rush order Bought larger quantity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Bonita Corporation prepared the following variance report.
Fill in the missing amounts or letters in the report. (Round actual and standard price answers to 2 decimal places, e.g. 2.75.)
Type of
Materials
Rogue11
Storm17
Beast29
Quantity
Purchased
lbs.
4.800 oz.
21,500 units
$
Actual
Price
BONITA CORPORATION
Variance Report-Purchasing Department
For Week Ended January 9, 2022
$5.15
$0.35 $
Standard
Price
$4.95
$3.20
$4,820
Price
Variance
$1,200 Unfavorable
$1,075 Favorable
Explanation
Price increase
Rush order
Bought larger quantity
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