Byleth is a part-time employee at a daycare and has responsibility over all food purchases and preparation for the kids. Food costs (snacks for the kids, including peanut butter and jelly sandwiches and fruit) this year were $46,561, which is $239 less than the $46,800 that Byleth's boss–Inkling-budgeted at the beginning of the year (i.e., the static budget), so Inkling is considering giving Byleth a small bonus. 1 to 4. Based on the cost information below, compute the missing variances indicated in the table provided. Be sure to indicate whether the variance is favorable (F) or unfavorable (U). Budgeted number of snacks 18000 Actual number of snacks served 17500 Peanut Bread Butter Jelly 5.00 per 10 oz. jar Fruit Standard price 5.00 per loaf (20 slices) 2$ 6.00 per 10 oz jar $ 0.50 per piece of fruit Standard quantity 2 slic es per snack 1 oz. per snack 1 oz. per snack 2 per snack Actual price $ 5.00 per loaf (20 slices) 2$ 6.00 per 10 oz jar $ 5.00 per 10 oz. jar $ 0.48 per piece of fruit Actual quantity 2.2 slic es per snack 1 oz. per snack 1 oz. per snack 35,700 total

Byleth is a part-time employee at a daycare and has responsibility over all food purchases and preparation for the kids. Food costs (snacks for the kids, including peanut butter and jelly sandwiches and fruit) this year were $46,561, which is $239 less than the $46,800 that Byleth's boss–Inkling-budgeted at the beginning of the year (i.e., the static budget), so Inkling is considering giving Byleth a small bonus. 1 to 4. Based on the cost information below, compute the missing variances indicated in the table provided. Be sure to indicate whether the variance is favorable (F) or unfavorable (U). Budgeted number of snacks 18000 Actual number of snacks served 17500 Peanut Bread Butter Jelly 5.00 per 10 oz. jar Fruit Standard price 5.00 per loaf (20 slices) 2$ 6.00 per 10 oz jar $ 0.50 per piece of fruit Standard quantity 2 slic es per snack 1 oz. per snack 1 oz. per snack 2 per snack Actual price $ 5.00 per loaf (20 slices) 2$ 6.00 per 10 oz jar $ 5.00 per 10 oz. jar $ 0.48 per piece of fruit Actual quantity 2.2 slic es per snack 1 oz. per snack 1 oz. per snack 35,700 total

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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I need help with this problem. Please explain how you get your figures. Especially the direct materials cost per ounce amount.
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Pare
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