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 5 lbs. 2 lbs. Standard Price (SP) per pound $ 0.35 /lb. ? Actual quantity purchased (AQP) and used per batch (pounds) ? 5 lbs. Actual Price (AP) paid 1.15 /lb. $ 2.05 /lb. Price variance $ 560 U $ 600 U Quantity variance $ 597 F ? Flexible budget variance ? $ 2 comma 700 U Number of units produced 370 400 What is the direct materials flexible budget variance for the flour in cupcakes?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flour and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Butte sold a machine to a machine dealer for $50,000. butte bought the machine for $55,000 several years ago and has claimed $12,500 of depreciation expense on the machine. what is the amount and character of butte's gain or loss?
Answers (1)
Which would most likely to be locations of high-tech computer and software industries?
Answers (1)
A promotion was launched to position French's mustard as a fun line of condiments for a variety of everyday occasions.
Answers (1)
Home Delivery corporation and interstate transport inc. sign an agrement that provides for the payment of $1000 by whichever party committs material breach of the contract that creates damages difficult to estimate byt approximately $1000 this isa.
Answers (1)
A client's condition has resulted in a decrease in work demands of most cells in the body. Which change within the cell will likely result from this decrease in work?
Answers (1)
New Questions in Business
The following information describes a company's usage of direct labor in a recent period: Actual direct labor hours used 40 comma 000 Actual rate per hour $ 12.00 Standard rate per hour $ 11.
Answers (1)
As a result of the increase in malpractice insurance premiums, the concept of defensive medicine has been introduced which means that providers often order more tests and provide more services than necessary to protect themselves from malpractice
Answers (1)
Langhurst Company sold hardware for $12,000 cash and $18,000 of hardware to credit customers. Which of the following is the correct journal entry to record this transaction?
Answers (1)
Select either true or false for the following statements. 1. Relevant costs are also known as unavoidable costs 2. Incremental costs are also known as differential costs 3. An out-of-pocket cost requires a current and/or future outlay of cash. 4.
Answers (1)
According to Debra, the vice president of Theo Chocolate, the most important marketing vehicle the company has is: a. the fair trade certification. b. free product giveaways. c. tours of its factories. d. the unique varieties of chocolates it offers.
Answers (1)