The following information pertains to the costs and usage of Tabasco sauce in a restaurant's barbeque sauce recipe: Standard Quantity: 10 bottles
Standard Price: $1.45 per bottle ft.
Actual Quantity: 10 bottles
Actual Price: $1.50 per bottle
Which of the follow statements are NOT true about the variance?
A) The price variance is $.50
B) The usage variance is $.0
C) The total variance is $.50
D) The total cost of a batch is $14.50
E) All of the above are true

Question

The following information pertains to the costs and usage of Tabasco sauce in a restaurant's barbeque sauce recipe: Standard Quantity: 10 bottles
 Standard Price: $1.45 per bottle ft.
 Actual Quantity: 10 bottles
 Actual Price: $1.50 per bottle
 Which of the follow statements are NOT true about the variance?
A) The price variance is $.50
B) The usage variance is $.0
C) The total variance is $.50
D) The total cost of a batch is $14.50
E) All of the above are true

Quizplus · Accepted Answer

The Answer of The following information pertains to the costs and usage of Tabasco sauce in a restaurant's barbeque sauce recipe: Standard Quantity: 10 bottles
 Standard Price: $1.45 per bottle ft.
 Actual Quantity: 10 bottles
 Actual Price: $1.50 per bottle
 Which of the follow statements are NOT true about the variance?
A) The price variance is $.50
B) The usage variance is $.0
C) The total variance is $.50
D) The total cost of a batch is $14.50
E) All of the above are true

The Following Information Pertains to the Costs and Usage of Tabasco