Compute the actual price per cup of concentrate

Assignment Help Managerial Accounting
Reference no: EM132883207

Problem - Campbell Fruit Drink Company planned to make 200,000 containers of apple juice. it expected to use two cups of frozen apple concentrate to make each container of juice, thus using 400,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.24. Campbell actually paid $114,248 to purchase 408,030 cups of concentrate, which was used to make 201,000 containers of apple juice.

Required:

a. Compute the actual price per cup of concentrate.

b. Compute the standard quantity [number of cups of concentrate] required to produce the containers.

c. Compute the materials price variance and indicate whether it is favorable (F) or unfavorable (U).

d. Compute the materials usage variance and indicate whether it is favorable (F) or unfavorable (U).

Reference no: EM132883207

Questions Cloud

What is total investment position of mr jay in dollar terms : What is the total investment position of Mr. Jay in dollar terms? Given a margin requirement of 60%, Mr. Jay deposited $30,000 into his margin account
Comprehensive hris essential for transforming hr : Why is the creation of a comprehensive HRIS essential for transforming HR?
Complete picture of hr effectiveness : HR metric: time to fill. Based in Canada. why time to fill does not give a complete picture of HR effectiveness.
Clock security for corporate business : You are the Director of Security for a major corporation that provides around the clock security for a corporate business complex that consists of offices
Compute the actual price per cup of concentrate : Campbell Fruit Drink Company planned to make 200,000 containers of apple juice. Compute the actual price per cup of concentrate
What exactly are the contents of a job description : What exactly are the contents of a Job Description? What can be the goals of a Job Description? Briefly discuss the differences between Job Description
What the two basic types of capital stock are : Hill Corporation issued 2,000 shares of $10 par common stock to various investors for $13 per share. To record this transaction, it is necessary to credit the
Combination of unionized and non-unionized workers : Background information: For more than 15 years you have been a human resources manager at a regional health centre that employs a combination of unionized and n
Characterise the pakistani state : How would you characterise the Pakistani state and how a postcolonial state is different from Nation-state formed in Europe?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What the industry volume and market share variances

If you add together the industry volume and market share variances, what do you get? Sales price variance, and all the cost variances, you get what?

  Determine what will be the firm quick ratio after nelson

Determine What will be the firm's quick ratio after Nelson has raised the maximum amount of short-term funds? Do not round intermediate calculations.

  What is the total fixed overhead variance of the company

When determining the total product cost flexible budget variance, what is the total fixed overhead variance of the company?Direct materials cost variance $8,000

  What type of cookie maximize company contribution margin

Assuming no raw material constraints and unlimited demand for cookies, what type of cookie would maximize the company's contribution margin?

  Compute break-even sales for overall enterprise product

The fixed costs are $620,000, and the sales mix is 40% bats and 60% gloves. Compute the break-even sales (units) for the overall enterprise product, E

  An advertising agency is estimating costs

An advertising agency is estimating costs for advertising a music festival.

  Determine property and plant and equipment costs

Indicate the title of the account that would be increased for each expenditure. Determine property, plant, and equipment costs, Adama Company incurred

  Income statement for september

The company expects to sell $560 units in September. Example of an income statement for September using contribution margin format.

  How do Compute DJ diluted EPS

Compute DJ diluted EPS for 2019. There were 100, 000 call options at December 31, 2019, The options were exercisable at $ 20 20 and the Company 's average share

  Briefly discuss the ways a realistic budget

Briefly discuss the ways a realistic budget will benefit the owner of Babycakes versus having no budget at all. Be sure to use Babycakes as the company and any specific product details in your explanation.

  Find what was the standard cost of the ending inventory

Beginning and ending inventories remained constant during the period. What was the total standard cost of the ending inventory under absorption costing?

  What was the cost of goods manufactured for the month

The beginning work in process inventory was $20,000 and the ending work in process inventory was $11,000, What was the cost of goods manufactured for the month?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd