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The Mummy Pizza Company estimates that it should be able to make and sell 5,000...

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Accounting

The Mummy Pizza Company estimates that it should be able to make and sell 5,000 pizzas in one week. The company has developed the following standards for one of its pizza products:
Standard Costs per pizza: Sauce 2 oz at $2.30 per pound
Cheese 10 oz at $4.50 per pound
Direct Labor 4 minutes, paying $15 per hour
In the first week of April, Mummy Pizza Company makes and sells 4,000 pizzas. Amounts purchased and used are as follows:
Purchased Used
Sauce 120 lbs for $360 110 lbs
Cheese 2,100 lbs for $9,340 2,650 lbs
Mummy Pizza Company paid $2,400 in direct labor for the week, for 160 hours of work (4 full time staff).
calculate the Material price and usage variances for the Sauce. Also do the journal entries.

Sauce Materials Price & Sauce Materials Usage

Cheese Materials Price & Cheese Materials Usage

Labor - rate and efficiency variances

Please explain the math out in detail this teacher with classwork is not the best she does go over it in class but I'm not understanding it well but if I see it part by part I can understand perfectly. Just like all the other chapters.

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