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How much is the actual cost of materials used

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Reference no: EM132095351

Question - The baker has the following flexible budget analysis for January:

Cost

Flexible Budget

Price Variance

Quantity Variance

Materials

$12,000

$440 U

$870 F

Labor

46,000

460 F

160 U

The Bakery purchased the same amount of units of materials as it used in production. The number of pounds of materials used totaled 2,219. Each unit of product requires a .75 pounds. The standard cost per unit was $5.30 per pound.

How much is the actual cost of materials used?

How much did the company spend per pound of material?

How many pounds of material were allowed in the flexible budget?

How many units of product did the company produce?

Reference no: EM132095351

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