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In: Accounting

We are analyzing 2 products – product Hamburgers(HB)and Double Deckers(DD) Product HB requires 1 Patty (P)...

  1. We are analyzing 2 products – product Hamburgers(HB)and Double Deckers(DD)
    • Product HB requires 1 Patty (P) and 2 Buns (B)
    • Product DDs requires 2 Patties (P) and 3 Buns B)
    • The standard cost for P is $1 per unit.
    • The standard cost for B is $0.50 per unit.
    • During this month, the company purchased 5,000 Ps for $4,950 (there was no beginning balance).
    • During this month, the company purchased 5,000 units of Bs for $2,600. (there was no beginning balance).
    • During the month the company produced 500 HBs and 1000 DDs.
    • During the month the company used 2520 units of Ps and 3975 units of Bs.
    • Payroll was $315, with 16 hours (this is actual - direct labor only).
    • Each burger requires 1/100 of an hour for Direct Labor
    • Labor standard cost is $20 per hour.

hint: for production of both HB and DDs

Compute the price and quantity variances for direct materials and direct labor for HB and DDs

Solutions

Expert Solution

ekkarill92 answered 2 years ago
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