During the month the firm purchased 49000 pounds of

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Reference no: EM13590643

1. How would a coffee shop use labor and materials variance information?

2. Kyle's Products estimates the following selling expenses next period:

Salaries (fixed)	$ 30,000
Commissions (0.5%of sales revenue)	17,875
Travel (0.03% of sales revenue)	10,725
Advertising (fixed)	60,000
Sales Office Costs ($3,750 plus $0.05 per unit sold)	7,000
Shipping Costs ($0.10 per unit sold)	6,500
Total Selling Expenses	132,100

Derive the cost equation (y = a + bx) for selling expenses. (Hint: y = a + bx + cy.)
Assume that Kyle's actually sells 50,000 units during the period at an average price of $6 per unit. The company had budgeted sales for the period to be: volume, 65,000 units; price, $5.50. Calculate the sale price and volume variance.
The actual selling expenses incurred during the period were $80,000 fixed and $30,000 variable. Prepare a profit variance analysis for sales revenue and selling expenses.

3. The Rockland Candy Company presentas the following data for October:

	Standards per Batch	Actual Total
Materials	1 pound at $2.50 per pound	49,000 Pounds
Labor	1.5 Hours at $3.00 per Hour	70,000 Hours
Batches Produced		48,000 Batches

During the month, the firm purchased 49,000 pounds of materials for $127,500. Wages earned were $214,000. Compute the labor and material variances.

Reference no: EM13590643

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