Question

Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses...

Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They buy 3,900 cups of flour at $0.50 per cup. They use 3,550.5 cups of flour to make 4,750 biscuits. The standard cost per cup of flour is $0.49. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers. Direct materials price variance $ fill in the blank 1 ?? Direct materials quantity variance $ fill in the blank 3 ?? . Total direct materials cost variance $ fill in the blank 5 ??

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses...
Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.70 cup of pure semolina flour. They buy 4,100 cups of flour at $0.55 per cup. They use 3,312.5 cups of flour to make 4,750 biscuits. The standard cost per cup of flour is $0.54. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts...
Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses...
Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.70 cup of pure semolina flour. They buy 4,100 cups of flour at $0.55 per cup. They use 3,312.5 cups of flour to make 4,750 biscuits. The standard cost per cup of flour is $0.54. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts...
c Standard Product Cost, Direct Materials Variance H.J. Heinz Company uses standards to control its materials...
c Standard Product Cost, Direct Materials Variance H.J. Heinz Company uses standards to control its materials costs. Assume that a batch of ketchup (7,650 pounds) has the following standards: Standard Quantity Standard Price Whole tomatoes 5,000 lbs. $0.75 per lb. Vinegar 350 gal. 0.90 per gal. Corn syrup 40 gal. 7.50 per gal. Salt 125 lbs. 1.80 per lb. The actual materials in a batch may vary from the standard due to tomato characteristics. Assume that the actual quantities of...