A large hamburger franchise (Weber's) has documented the standard direct materials quantities and standard materials prices...

 

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A large hamburger franchise (Weber's) has documented the standard direct materials quantities and standard materials prices for its regular hamburger. E (Click the icon to view standard direct materials and standard materials prices.) Assume that a Halifax, NS, Weber's sold 5,000 hamburgers yesterday and purchased and used the following materials. E (Click the icon to view actual materials used and actual materials prices paid.) 1. Compute the direct materials price variance for each ingredient. 2. As a manager, what would you learn from the variances and supporting data? Requirement 1. Compute the direct materials price variance for each ingredient. First, select the formula labels then compute the direct materials price variances for each ingredient when 5,000 hamburgers were sold. (Round your answer to the nearest cent. Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U). Enter ketchup's price and quantity in grams.) Price )x variance Buns Patties )x Pickles ) x %3D Onions ) x Mustard Ketchup ( Requirement 2. As a manage what would you learn from the variances and supporting data? While the per unit differences between actual and standard prices are we see that these variances V once volume is taken into account. The variance in the price paid for each hamburger patty has ended up costing the company an extra $ just for one day's production. The bun variance amounted to $ for just one day. Management will Choose from any list or enter any number in the input fields and then continue to the next question. A large hamburger franchise (Weber's) has documented the standard direct materials quantities and standard materials prices for its regular hamburger. E (Click the icon to view standard direct materials and standard materials prices.) Assume that a Halifax, NS, Weber's sold 5,000 hamburgers yesterday and purchased and used the following materials. E (Click the icon to view actual materials used and actual materials prices paid.) 1. Compute the direct materials price variance for each ingredient. 2. As a manager, what would you learn from the variances and supporting data? Data Table Requirement 1. Comput i Data Table First, select the formula l as favourable (F) or unt d. (Roun Weber's Weber's Standard Direct Materials per Hamburger Actual ingredients used to produce 5,000 hamburgers 1 bun 1 pickle slice 1/4 teaspoon of mustard Buns 5,150 buns 4,800 pickle slices 1,400 teaspoons of mustard 1 hamburger patty 1/8 teaspoon of onion 25 g of ketchup Patties 5,100 hamburger patties 800 teaspoons of onion 137.5 kg of ketchup Standard Materials Prices Pickles Actual Materials Prices Buns $0.10 each Onion ....... $0.08 per teaspoon Onions Buns $ 0.12 each Onion $0.07 per teaspoon Hamburger patties .. $0.20 each Mustard. $0.04 per teaspoon Mustard Hamburger patties .... $ 0.25 each Mustard $0.01 per teaspoon Pickle slices...... $0.03 per slice Ketchup...... $0.20 per 100 g Pickle slices $ 0.02 per slice Ketchup $0.24 per 100 g Ketchup ( Requirement 2. As a ma Print Done Print Done While the per unit differer patty has ended up costing the company an extra $ just for one day's production. The bun variance amounted to $ for just one day. Management will Choose from any list or enter any number in the input fields and then continue to the next question. A large hamburger franchise (Weber's) has documented the standard direct materials quantities and standard materials prices for its regular hamburger. E (Click the icon to view standard direct materials and standard materials prices.) Assume that a Halifax, NS, Weber's sold 5,000 hamburgers yesterday and purchased and used the following materials. E (Click the icon to view actual materials used and actual materials prices paid.) 1. Compute the direct materials price variance for each ingredient. 2. As a manager, what would you learn from the variances and supporting data? Requirement 1. Compute the direct materials price variance for each ingredient. First, select the formula labels then compute the direct materials price variances for each ingredient when 5,000 hamburgers were sold. (Round your answer to the nearest cent. Enter the results as positive numbers. Label each variance as favourable (F) or unfavourable (U). Enter ketchup's price and quantity in grams.) Price )x variance Buns Patties )x Pickles ) x %3D Onions ) x Mustard Ketchup ( Requirement 2. As a manage what would you learn from the variances and supporting data? While the per unit differences between actual and standard prices are we see that these variances V once volume is taken into account. The variance in the price paid for each hamburger patty has ended up costing the company an extra $ just for one day's production. The bun variance amounted to $ for just one day. Management will Choose from any list or enter any number in the input fields and then continue to the next question. A large hamburger franchise (Weber's) has documented the standard direct materials quantities and standard materials prices for its regular hamburger. E (Click the icon to view standard direct materials and standard materials prices.) Assume that a Halifax, NS, Weber's sold 5,000 hamburgers yesterday and purchased and used the following materials. E (Click the icon to view actual materials used and actual materials prices paid.) 1. Compute the direct materials price variance for each ingredient. 2. As a manager, what would you learn from the variances and supporting data? Data Table Requirement 1. Comput i Data Table First, select the formula l as favourable (F) or unt d. (Roun Weber's Weber's Standard Direct Materials per Hamburger Actual ingredients used to produce 5,000 hamburgers 1 bun 1 pickle slice 1/4 teaspoon of mustard Buns 5,150 buns 4,800 pickle slices 1,400 teaspoons of mustard 1 hamburger patty 1/8 teaspoon of onion 25 g of ketchup Patties 5,100 hamburger patties 800 teaspoons of onion 137.5 kg of ketchup Standard Materials Prices Pickles Actual Materials Prices Buns $0.10 each Onion ....... $0.08 per teaspoon Onions Buns $ 0.12 each Onion $0.07 per teaspoon Hamburger patties .. $0.20 each Mustard. $0.04 per teaspoon Mustard Hamburger patties .... $ 0.25 each Mustard $0.01 per teaspoon Pickle slices...... $0.03 per slice Ketchup...... $0.20 per 100 g Pickle slices $ 0.02 per slice Ketchup $0.24 per 100 g Ketchup ( Requirement 2. As a ma Print Done Print Done While the per unit differer patty has ended up costing the company an extra $ just for one day's production. The bun variance amounted to $ for just one day. Management will Choose from any list or enter any number in the input fields and then continue to the next question.

Answer rating: 100% (QA)

Requirement 1 Computation of Direct Materials Price Variance for eac... View the full answer