Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
bernie2981 bernie2981
wrote...
Go to Answer
Posts: 3810
Rep: 26 0
8 years ago
Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flour and butter (flour is a direct material for cupcakes and butter is a direct material for cookies):

   Flour (Direct Materials)
Cupcakes   Butter (Direct Materials)
Cookies
Standard quantity per batch   2 lbs.   3 lbs.
Standard Price (SP) per pound of sugar   $2.50/lb   ?
Actual quantity purchased (AQP)and used per batch (pounds)   ?   4 lbs.
Actual Price (AP) paid    $3.00/lb.   $5.50/lb.
Price variance   $300 U   $1,200 U
Quantity variance   $500 F   ?
Flexible budget variance   ?   $3,100 U
Number of units produced   350   400

The actual direct material quantity used per batch for Cupcakes may be closest to
A) 1.7 lbs.
B) 2.9 lb.
C) 2.0 lbs.
D) 0.4 lbs.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 306 times
2 Replies
Replies
Answer verified by a subject expert
nucleinuclei
wrote...
#1
Top Poster
Posts: 2158
Rep: 418 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

bernie2981 Author
wrote...
#2
8 years ago
Wow! Thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1145 People Browsing
 105 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 862
  
 566
  
 288
Your Opinion
Who will win the 2024 president election?
Votes: 3
Closes: November 4
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?