Question

Dozen Bakery makes cupcakes and cookies. Dozen gathered the following information for the current year regarding its use of flour and butter​ (flour is a direct material for cupcakes and butter is a direct material for​ cookies): Flour​ (Direct Materials) Cupcakes Butter​ (Direct Materials) Cookies Standard quantity per batch 5 lbs. 2 lbs. Standard Price​ (SP) per pound $ 0.35​/lb. ​? Actual quantity purchased​ (AQP) and used per batch​ (pounds) ​? 5 lbs. Actual Price​ (AP) paid 1.15​/lb. $ 2.05​/lb. Price variance $ 560 U $ 600 U Quantity variance $ 597 F ​? Flexible budget variance ​? $ 2 comma 700 U Number of units produced 370 400 What is the direct materials flexible budget variance for the flour in​ cupcakes?

Answer 1

Answer:

37 F

Explanation:

Direct materials Quantity variance 597 F

Less: Direct materials Price variance 560 U

Direct materials Flexible Budget variance 37 F