Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 4,000 cups of flour at $0.50 per cup. They use 3,512.5 cups of flour to make 4,700 biscuits. The standard cost per cup of flour is $0.49. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers. Direct materials price variance 24 40 V Unfavorable v Direct materials quantity variance $ 6.13 V Favorable v Total direct materials cost variance $ X Unfavorable v B. What is the standard cost per biscuit for the semolina flour? Round your answer to four decimals. $4 0.3675 V

Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 4,000 cups of flour at $0.50 per cup. They use 3,512.5 cups of flour to make 4,700 biscuits. The standard cost per cup of flour is $0.49. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers. Direct materials price variance 24 40 V Unfavorable v Direct materials quantity variance $ 6.13 V Favorable v Total direct materials cost variance $ X Unfavorable v B. What is the standard cost per biscuit for the semolina flour? Round your answer to four decimals. $4 0.3675 V

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Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 1TP: Seda Sarkisian makes wedding cakes from her home. A customer has requested two duplicate wedding...

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