1 | ||
Activity variance | $240 U | =(1100*2.4)-(1000*2.4) |
2 | ||
Spending variance | $8 F | =2632-(1100*2.4) |
3 | ||
Materials price variance | $188 F | =2632-(9400*0.3) |
Materials Quantity variance | $180 U | =0.3*(9400-1100*8) |
Materials spending variance | $8 F | =2632-(1100*0.3*8) |
Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and...
Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas. It has created a planning budget that includes a cost formula for mozzarella cheese of $2.40 per pizza. At the end of June, Southside actually sold 1,100 pizzas and the actual cost of the cheese that it used during the month was $2,632. Required: What is the mozzarella cheese...
Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas. It has created a planning budget that includes a cost formula for mozzarella cheese of $2.40 per pizza. At the end of June, Southside actually sold 1,100 pizzas and the actual cost of the cheese that it used during the month was $2,632. Required 1. What is the mozzarella...
Problem Activity Variance, Spending Variance, Materials Price Variance, Materials Quantity Variance Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas. It has created a planning budget that includes a cost formula for mozzarella cheese of $2.40 per pizza. At the end of June, Southside actually sold 1,100 pizzas and the actual cost of the cheese that it used...
Integration Exercise 1 Activity Variance, Spending Variance, Materials Price Variance, Materials Quantity Variance [LO9-1, LO9-2, LO9-3, LO10-1] Southside Pizzeria wants to improve its ability to manage the ingredient costs associated with making and selling its pizzas. For the month of June, the company plans to make 1,000 pizzas. It has created a planning budget that includes a cost formula for mozzarella cheese of $2.40 per pizza. At the end of June, Southside actually sold 1,100 pizzas and the actual cost...
Edwardsville Pizzeria makes one of the most delicious pepperoni pizzas in their geographical area. Since their pizzas are hand made to order but they must compete with many of the large pizza chains on the basis of price, they want to make sure that they very tightly control the costs to make a pizza without sacrificing any quality in the process. They have established the following standards for operations. EDWARDSVILLE PIZZERIA PEPPERONI PIZZA STANDARDS Direct Materials (Dough, Sauce, Pepperoni) 1...
managerial accounting
Edwardsville Pizzeria makes one of the most delicious pepperoni pizzas in their geographical area. Since their pizzas are hand made to order but they must compete with many of the large pizza chains on the basis of price, they want to make sure that they very tightly control the costs to make a pizza without sacrificing any quality in the process. They have established the following standards for operations. EDWARDSVILLE PIZZERIA PEPPERONI PIZZA STANDARDS Direct Materials (Dough, Sauce,...
Exam 3 Practice in Class 15. The Southside Corporation budgeted 4.600 pounds of direct materials to make 2.700 units of product. The company actually used 5.700 pounds of direct materials to make the 2,700 units. The direct materials quantity variance is $1,200 unfavorable. What is the Standard Price (SP) per pound of direct materials? A. $1.00 OB. $2.25 OC. $0.44 OD. $4.75
Oddo Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Cost Per Unit Standard Price or Rate Direct Materials Direct Labor Variable Overhead 3.0 ounces 0.7 hours 0.7 hours $7.00 per ounce $20.00 per hour $5.00 per hour $21.00 $14.00 $ 3.50 The company reported the following results concerning this product in December: Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials...
The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July: Actual variable manufacturing overhead cost incurred: $25,700 Actual machine-hours worked: 3,000 hours Variable overhead rate variance: $5,520 U Total variable overhead spending variance: $7,700 U The variable overhead efficiency variance for July is: Multiple Choice $13,220 F $13,220 U $2,180 U $2,180 F Tharaldson Corporation makes a product with the...