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What are the input price and quantity variances for dough

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Reference no: EM132058947

Question - Pietro's Pizza has established the following standards for making one pizza:

Dough: 0.4 pounds $3 per pound

Labor: 0.25 hours at $10 per hour

Actual Sales Volume for the past month was 7,000 units

Actual Dough Price and Quantity: 1,750 pounds (total) at $2.25 per pound

Actual Labor Price and Quantity: 2100 hours (total) at $15 per hour

What are the input price and quantity variances for dough? And what are the input price and quantity variances for labor?

Reference no: EM132058947

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