The quality assurance personnel inspect the cookies before they are packaged for sale. Any cookie that fails the inspection is donated to a local food bank. The standard cost card for the entity's cookie is as follows: Baking flour 2,700 grams $10.80 per gram Refined sugar 900 grams $13.20 per gram Yeast 60 grams $30.00 per gram TOTAL 3,660 grams $54.00 per gram Budgeted production of the monster cookies was 1,500 units for the quarter, although actual production was only 1,425 units. The total actual quantities used and their actual costs were: Baking flour 2,604 grams $27,732.60 Refined sugar 912 grams $11,901.60 Yeast 60 grams $ 2,160.00 3,576 grams Required: (a) Calculate the total material price, mix and yield variance for Cookie Factory for the last quarter.

The quality assurance personnel inspect the cookies before they are packaged for sale. Any cookie that fails the inspection is donated to a local food bank. The standard cost card for the entity's cookie is as follows: Baking flour 2,700 grams $10.80 per gram Refined sugar 900 grams $13.20 per gram Yeast 60 grams $30.00 per gram TOTAL 3,660 grams $54.00 per gram Budgeted production of the monster cookies was 1,500 units for the quarter, although actual production was only 1,425 units. The total actual quantities used and their actual costs were: Baking flour 2,604 grams $27,732.60 Refined sugar 912 grams $11,901.60 Yeast 60 grams $ 2,160.00 3,576 grams Required: (a) Calculate the total material price, mix and yield variance for Cookie Factory for the last quarter.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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