Question: Answer me this question please QUESTION 4 (25 MARKS: 30 MINUTES) A. Pie Guys Pizzeria is owned and operated by three brothers. Data concerning the

Answer me this question please

Answer me this question please QUESTION 4 (25 MARKS: 30 MINUTES) A.

QUESTION 4 (25 MARKS: 30 MINUTES) A. Pie Guys Pizzeria is owned and operated by three brothers. Data concerning the pizzeria's monthly revenues and costs appear below (q refers to the number of pizzas served): Formula Revenue $12q Cost of ingredients $3.50q Wages $7,500 Utilities $600 + $0.20q Rent $2,500 REQUIRED: L Prepare the pizzeria's planning budget for February assuming that 1,500 pizzas are served. (5 Marks) ii. Assume that 1,600 pizzas were served in February. Prepare a flexible budget for this level of activity. (5 Marks) B. McCort Company employs a standard cost system in which direct materials inventory is carried at standard cost. The company has established the following standards for the prime costs of one unit of product: Standard Standard Standard Quantity Price Cost Direct materials 12.0 pounds $14.00/pound 168.00 Direct labor 2.6 hours $44.00/hour $114.40 During April, the company purchased 330,000 pounds of direct material at a total cost of $4,686,000. The total factory wages for June were $3,200,000, of which 90% was for direct labor. The company manufactured 25,000 units of product during April using 302,000 pounds of direct material and 64,000 direct labor hours. REQUIRED: L Compute the direct material quantity variance for April. (5 Marks) il. Calculate the price variance for the direct material acquired by the company during April. (5 Marks) ii. What is the direct labor efficiency variance for April

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