QUESTION 2 The Ginger Jar Inc. manufactures the famous Ginger Candy Bar. It is made with honey, chocolate, and ginger. Budgeted ingredients and costs to produce 100,000 kilograms of bars during the month were: Ingredient Honey Chocolate Ginger Ingredient Honey Chocolate Cost per Kg. 80,000 kg. $1.25 100,000 kg. $1.80 220,000 kg. $2.25 Ginger Kilograms Actual ingredients and costs to produce 100,000 kilograms of bars in during the month were: Kilograms Cost per Kg. 105,000 kg. $1.15 105,000 kg. $1.80 210,000 kg. $2.10 Total Cost What is the direct materials yield variance? O $17,750 U O $35,750 F O $36,700 U $38,750 U $100,000 $180,000 $495,000 Total Cost $120,750 $189,000 $441,000
QUESTION 2 The Ginger Jar Inc. manufactures the famous Ginger Candy Bar. It is made with honey, chocolate, and ginger. Budgeted ingredients and costs to produce 100,000 kilograms of bars during the month were: Ingredient Honey Chocolate Ginger Ingredient Honey Chocolate Cost per Kg. 80,000 kg. $1.25 100,000 kg. $1.80 220,000 kg. $2.25 Ginger Kilograms Actual ingredients and costs to produce 100,000 kilograms of bars in during the month were: Kilograms Cost per Kg. 105,000 kg. $1.15 105,000 kg. $1.80 210,000 kg. $2.10 Total Cost What is the direct materials yield variance? O $17,750 U O $35,750 F O $36,700 U $38,750 U $100,000 $180,000 $495,000 Total Cost $120,750 $189,000 $441,000
Chapter1: Financial Statements And Business Decisions
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A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
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A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
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Transcribed Image Text:QUESTION 2
The Ginger Jar Inc. manufactures the famous Ginger Candy Bar. It is made with honey, chocolate, and ginger.
Budgeted ingredients and costs to produce 100,000 kilograms of bars during the month were:
Ingredient
Honey
Chocolate
Ginger
Ingredient
Honey
Chocolate
Kilograms
Ginger
80,000 kg.
100,000 kg.
220,000 kg.
Actual ingredients and costs to produce 100,000 kilograms of bars in during the month were:
Kilograms
Cost per Kg.
105,000 kg.
$1.15
105,000 kg.
$1.80
210,000 kg. $2.10
Cost per Kg.
$1.25
$1.80
$2.25
Total Cost
What is the direct materials yield variance?
O $17,750 U
$35,750 F
O $36,700 U
$38,750 U
$100,000
$180,000
$495,000
Total Cost
$120,750
$189,000
$441,000
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