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Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and am

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Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and am

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

Edition: 4^th

Author: Braun

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