Muffin Mania Bakery has a standard quantity of 1 kilogram of flour for one batch of muffins.

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Muffin Mania Bakery has a standard quantity of 1 kilogram of flour for one batch of muffins. The standard price is \($0.50\) per kilogram. During the month, the bakery manager bought 3,000 kilograms of flour for \($1,600.\) The bakery used 2,500 kilograms of flour to produce 2,400 batches of muffins during the month.

What are the material price and quantity variances for the flour?

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Related Book For  book-img-for-question

Management Accounting In A Dynamic Environment

ISBN: 9780415839020

1st Edition

Authors: Cheryl S McWatters, Jerold L Zimmerman

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