a, b, c, d Jordan Fruit Drink Company planned to make...
90.2K
Verified Solution
Link Copied!
Question
Accounting
a, b, c, d
Jordan Fruit Drink Company planned to make 209,000 containers of apple juice. It expected to use two cups of frozen apple concentrate to make each container of juice, thus using 418,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.25. Jordan actually paid $127,890 to purchase 426,300 cups of concentrate, which was used to make 210,000 containers of apple juice. Required b. Compute the actual price per cup of concentrate. (Round your answer to 2 decimal places.) c. Compute the standard quantity (number of cups of concentrate) required to produce the containers d. Compute the materials price variance and indicate whether it is favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance). Round "Price variance" to 2 decimal places.) e. Compute the materials usage variance and indicate whether it is favorable (F) or unfavorable (U(Select "None" if there is no effect (i.e., zero variance). Round "Usage variance" to 2 decimal places.) b. Actual price c. Standard quantity d. Total price variance e. Total usage variance per cup cups
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
