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Author Question: Switzer Chocolate Company produces fudge in large batches. One batch of fudge has the following ... (Read 130 times)

dakota nelson

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Switzer Chocolate Company produces fudge in large batches.  One batch of fudge has the following standard costs and amounts:

Standard quantity of sugar (kilograms)100
Standard cost per kilogram of sugar $1.90
Standard direct labour hours per batch of fudge2.0
Standard direct labour cost per hour $18.00

Switzer Chocolate Company produced 400 batches of fudge in the most recent month.  Actual costs and usage levels were as follows:

Actual kilograms of sugar purchased and used per batch of fudge102
Actual cost per kilogram of sugar $2.10
Actual direct labour hours per batch of fudge1.8
Actual direct labour cost per hour $17.50

Required:
1.  Calculate the material price variance.
2.  Calculate the material efficiency variance.
3.  Calculate the labour price variance.
4.  Calculate the labour efficiency variance.


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Marked as best answer by dakota nelson on Jan 5, 2020

kescobar@64

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dakota nelson

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)


olderstudent

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Reply 3 on: Yesterday
Excellent

 

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