Vienna Chocolate Company produces fudge in large batches. One batch of fudge has the following standard costs and amounts:
Switzer Chocolate Company produced 400 batches of fudge in the most recent month. Actual costs and usage levels were as follows:
Required:
a. Calculate the total material input price variance.
b. Calculate the total material efficiency variance.
c. Calculate the total labour rate variance.
d. Calculate the total labour efficiency variance.

Question

Vienna Chocolate Company produces fudge in large batches. One batch of fudge has the following standard costs and amounts:
  Switzer Chocolate Company produced 400 batches of fudge in the most recent month. Actual costs and usage levels were as follows:
  Required:
a. Calculate the total material input price variance.
b. Calculate the total material efficiency variance.
c. Calculate the total labour rate variance.
d. Calculate the total labour efficiency variance.

Quizplus · Accepted Answer

The Answer of Vienna Chocolate Company produces fudge in large batches. One batch of fudge has the following standard costs and amounts:
  Switzer Chocolate Company produced 400 batches of fudge in the most recent month. Actual costs and usage levels were as follows:
  Required:
a. Calculate the total material input price variance.
b. Calculate the total material efficiency variance.
c. Calculate the total labour rate variance.
d. Calculate the total labour efficiency variance.

Vienna Chocolate Company Produces Fudge in Large Batches