1. For the current shift, Victory Bottling budgeted to use 12 ounces of sweet tea...
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1. For the current shift, Victory Bottling budgeted to use 12 ounces of sweet tea per bottle at a standard cost of 10 cents per ounce. Management actually purchased and used 135,000 ounces to produce 10,000 bottles. The company paid $13,000 for the 135,000 ounces that were purchased. What was Victory Bottling's material efficiency variance? Indicate Favorable if the variance is favorable to earnings / Unfavorable if not. 2. What was Victory Bottling's material price variance? Indicate Favorable if the variance is favorable to earnings/Unfavorable if not
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