Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and amounts:
Nixon's Diner baked 425 batches of pies in the most recent month. Actual costs and usage levels were as follows:
Required:
a. Calculate the material price variance.
b. Calculate the material quantity variance.
c. Calculate the labor rate variance.
d. Calculate the labor efficiency variance.

Question

Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and amounts:
  Nixon's Diner baked 425 batches of pies in the most recent month. Actual costs and usage levels were as follows:
  Required:
a. Calculate the material price variance.
b. Calculate the material quantity variance.
c. Calculate the labor rate variance.
d. Calculate the labor efficiency variance.

Quizplus · Accepted Answer

The Answer of Nixon's Diner bakes pies in large batches. One batch of pies has the following standard costs and amounts:
  Nixon's Diner baked 425 batches of pies in the most recent month. Actual costs and usage levels were as follows:
  Required:
a. Calculate the material price variance.
b. Calculate the material quantity variance.
c. Calculate the labor rate variance.
d. Calculate the labor efficiency variance.

Nixon's Diner Bakes Pies in Large Batches