Question

1)

Aday's Taqueria bases their enchilada recipe, with a standard of 25 servings, on the following information:

Ingredient	Standard Quantity	Standard Price
A	2.25 lbs	$0.95 per lb
B	3.40 lbs	$1.62 per lb
C	4.00 lbs	$2.40 per lb
D	3.00 lbs	$0.70 per lb

During the last period, at total of 1,200 servings were actually produced. Additionally, the following actual data was recorded:

Ingredient	Actual Quantity Used	Actual Costs
A	75.50 lbs	$99.75
B	140.00 lbs	$300.00
C	25.00 lbs	$70.00
D	125.00 lbs	$95.00

Using the information above, calculate the following:

Price Variance for Ingredient B

Select one:

a. 27.94

b. 72.8

c. 31.20

d. (13.30)

2)

Aday's Taqueria bases their enchilada recipe, with a standard of 25 servings, on the following information:

Ingredient	Standard Quantity	Standard Price
A	2.25 lbs	$0.95 per lb
B	3.40 lbs	$1.62 per lb
C	4.00 lbs	$2.40 per lb
D	3.00 lbs	$0.70 per lb

During the last period, at total of 1,200 servings were actually produced. Additionally, the following actual data was recorded:

Ingredient	Actual Quantity Used	Actual Costs
A	75.50 lbs	$99.75
B	140.00 lbs	$300.00
C	25.00 lbs	$70.00
D	125.00 lbs	$95.00

Using the information above, calculate the following:

Price Variance for Ingredient C

Select one:

a. 27.94

b. 72.8

c. 10.00

d. (13.30)

3)

Aday's Taqueria bases their enchilada recipe, with a standard of 25 servings, on the following information:

Ingredient	Standard Quantity	Standard Price
A	2.25 lbs	$0.95 per lb
B	3.40 lbs	$1.62 per lb
C	4.00 lbs	$2.40 per lb
D	3.00 lbs	$0.70 per lb

During the last period, at total of 1,200 servings were actually produced. Additionally, the following actual data was recorded:

Ingredient	Actual Quantity Used	Actual Costs
A	75.50 lbs	$99.75
B	140.00 lbs	$300.00
C	25.00 lbs	$70.00
D	125.00 lbs	$95.00

Using the information above, calculate the following:

Price Variance for Ingredient D

Select one:

a. 27.94

b. 72.8

c. 10.00

d. 7.5

4)

Aday's Sushi Bar recorded a total of 200,000 labor hours last year. All these hours were paid at a standard labor rate of $7.50 per hour except for 25,000 hours, which are overtime pay.  Overtime rates are paid at 1.5 times higher than the standard rate.  Calculate the actual payroll for Aday's Sushi Bar.

Select one:

a. $1,593,750

b. $1,334,750

c. $2,250,000

d. $1,500,000

5)

Melissa's Pie Factory incurred a total of $275,000 overhead cost during last operating period. Melissa's budgeted overhead cost is based on labor hours and the standard overhead rate is estimated at $0.55 per labor hour.  During last period a total of 70,000 labor hours were recorded. Using this information calculate the overhead spending variance.

Select one:

a. 236,500

b. 200,000

c. 255,678

d. 243,764.23

Answer 1