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Home Q & A Board Other Fields Homework Help Business Accounting
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bernie2981 bernie2981
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8 years ago
Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and amounts:

Standard quantity of sugar (pounds)   115
Standard cost per pound of sugar   $2.10
Standard direct labor hours per batch of pies   1.5
Standard direct labor cost per hour   $19.00

Nixon's Diner baked 425 batches of pies in the most recent month. Actual costs and usage levels were as follows:

Actual pounds of sugar purchased and used per batch of pies   122
Actual cost per pound of sugar   $2.20
Actual direct labor hours per batch of pies   2
Actual direct labor cost per hour   $17.75

Required:

a.   Calculate the material price variance.
b.   Calculate the material quantity variance.
c.   Calculate the labor rate variance.
d.   Calculate the labor efficiency variance.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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8 years ago
this is exactly what I needed
Chaldoren
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Brilliant ツ
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This site is awesome
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