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Compute the price and efficiency variances

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The Snack Cafe manufactures different flavors of cupcakes. For September 2021, it budgeted to purchase and use 1,490 pounds of flour at $5 a pound. Actual purchases and usage for September were 2,090 pounds at $3 a pound. The Snack Cafe had budgeted for 745 cupcakes, but the actual output was 950 cupcakes.

1. Compute the flexible- budget variance and sales volume variance.

2. Compute the price and efficiency variances.

Reference no: EM133300821

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