Module 6 - Excel Lab Data Sheet Exercise 15.1 Barnaby's Hideaway uses Jim Beam Bourbon to prepare its Manhattans. A 1-litre bottle of Jim Beam costs $12.50. It also uses Martini & Rossi sweet vermouth at $6.60 per litre in the drink. Compute the cost per ounce for the liquor and the vermouth. Exercise 15.2 Complete the Standard Recipe detail and cost card for a Manhattan using the values from 15.1. The sales price of the drink is $4.50 Exercise 15.3 Barnaby's Hideaway uses Smirnoff vodka to prepare its Vodka Martinis. A 1-litre bottle of Smirnoff costs $15.00. The recipe calls for dry vermouth, which costs $8.00 per litre. Compute the cost per ounce for the liquor and the vermouth.

Module 6 - Excel Lab Data Sheet Exercise 15.1 Barnaby's Hideaway uses Jim Beam Bourbon to prepare its Manhattans. A 1-litre bottle of Jim Beam costs $12.50. It also uses Martini & Rossi sweet vermouth at $6.60 per litre in the drink. Compute the cost per ounce for the liquor and the vermouth. Exercise 15.2 Complete the Standard Recipe detail and cost card for a Manhattan using the values from 15.1. The sales price of the drink is $4.50 Exercise 15.3 Barnaby's Hideaway uses Smirnoff vodka to prepare its Vodka Martinis. A 1-litre bottle of Smirnoff costs $15.00. The recipe calls for dry vermouth, which costs $8.00 per litre. Compute the cost per ounce for the liquor and the vermouth.

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Description: Module 6 - Excel Lab Data SheetExercise 15.1Barnaby's Hideaway uses Jim Beam Bourbon to prepare its Manhattans. A 1-litre bottle of Jim Beam costs $12.50. Italso uses Martini & Rossi sweet vermouth at $6.60 per litre in the drink. Compute the cost p

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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Module 6 - Excel Lab Data Sheet
Exercise 15.1
Barnaby's Hideaway uses Jim Beam Bourbon to prepare its Manhattans. A 1-litre bottle of Jim Beam costs $12.50. It
also uses Martini & Rossi sweet vermouth at $6.60 per litre in the drink. Compute the cost per ounce for the liquor and
the vermouth.
Exercise 15.2
Complete the Standard Recipe detail and cost card for a Manhattan using the values from 15.1. The sales price of the
drink is $4.50
Exercise 15.3
Barnaby's Hideaway uses Smirnoff vodka to prepare its Vodka Martinis. A 1-litre bottle of Smirnoff costs $15.00. The
recipe calls for dry vermouth, which costs $8.00 per litre. Compute the cost per ounce for the liquor and the vermouth.
Exercise 15.4
Complete the Standard Recipe detail and cost card for a vodka martini using the values from 15.3. The sales price of the
drink is $4.50

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