Betty?s Bakery has the following standard cost sheet for one unit of its most popular cake: During

Question:

Betty?s Bakery has the following standard cost sheet for one unit of its most popular cake:

During the month of May, the company made 600 cakes and incurred the following actual costs:Direct materials purchased and used (900 pounds), $1,170Direct labor (660 hours), $7,590

Required:

1. Calculate the direct materials price variance.

2. Calculate the direct materials quantity variance.

3. Calculate the direct materials spending variance.

4. Calculate the direct labor rate variance.

5. Calculate the direct labor efficiency variance.

6. Calculate the direct labor spending variance.

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Related Book For answer-question

Managerial Accounting

ISBN: 978-1260413984

4th edition

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

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Question Posted: Nov 19, 2019 06:02 AM

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Betty?s Bakery has the following standard cost sheet for one unit of its most popular cake: During

Question:

SP SQ Direct materials Direct labor 1.2 pounds $1.50 per pound $12.00 per hour 0.8 hours

Step by Step Answer:

Req 1 Direct materials price ...View the full answer

Managerial Accounting

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