Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.70 cup of pure semolina flour. They buy 4,000 cups of flour at $0.55 per cup. They use 3,347.5 cups of flour to make 4,800 biscuits. The standard cost per cup of flour is $0.53. A. What are the direct materials price variance, the direct materials quantity variances, and the total direct materials cost variance? Round your answers to two decimals. Enter all amounts as positive numbers. Direct materials price variance $ fill in the blank 1   Direct materials quantity variance $ fill in the blank 3   Total direct materials cost variance $ fill in the blank 5   B. What is the standard cost per biscuit for the semolina flour? Round your answer to four decimals. $ fill in the blank 7

Come-Clean Corporation produces a variety of cleaning compounds including Grit 337 and Sparkle silver polish. Grit 337 is a coarse cleaning powder that costs $1.20 a pound to make and sells for $7.40 a pound. A small portion of Grit 337 is combined with several other ingredients and further processed into Sparkle silver polish. The silver polish sells for $5.00 per jar. This further processing requires one-fourth pound of Grit 337 per jar of silver polish. The additional variable manufacturing costs per jar of silver polish are: Other ingredients $ 0.60 Direct labor 1.44 Additional variable manufacturing cost $ 2.04 Overhead costs associated with processing the silver polish are: Variable manufacturing overhead cost 25 % of direct labor cost Fixed manufacturing overhead cost (per month)     Production supervisor $ 3,200   Depreciation of mixing equipment $ 1,400   The production supervisor has no duties other than overseeing production of the silver polish. The…

4,000 spindles of yarn are produced. The spindles of yarn can then be sold directly to stores or they can be used by Austin Wool Products to make afghans. Each spindle of yarn sells for $12; variable costs are $8 to make a spindle of yarn, and fixed costs to make 4,000 spindles of yarn total $8,000. The yarn can also be used to make afghans. Each afghan sells for $32 and requires one and a quarter (1.25) spindles of yarn. The additional costs incurred to make afghans from yarn include $9 per afghan in variable costs, and $20,000 in additional fixed costs. a. In order to maximize profits, should Austin sell the spindles of yarn or further process the yarn into afghans? How much operating income would Austin generate on a monthly basis by following your suggestion?

Glassworks makes products for the sandblasting industry. One of the products they make is bags of high-grade sandblasting media that is made from a combination of quartz-sand and recycled ground-glass (cullet). Standard costs and quantities to produce one bag of sandblasting media are as follows:                           Quantity          Cost Quartz-sand    20 kg               $4.00 Cullet               5 kg                $3.00   80,000 bags of sandblasting media were produced. Actual purchases and inventories were:                         Beginning           Ending          Purchases        Purchases                         Inventory         Inventory              (in kg)            ( in $) Quartz-sand       0 kg                          0 kg       1,610,000 kg   $322,161 Cullet                  0 kg              120,000 kg         550,000 kg    $286,000   Required: Calculate the following variances: a)Total direct material efficiency variance. b)Total direct material mix variance.…

The Farm House restaurant makes their own bread to serve in their restaurant. They have been approached by a local bakery offering to make the bread for them. The restaurant has two choices:1) continue making the bread in-house, or 2) buy it from the local bakery.The Farm House head chef estimated the variable cost of making each loaf of bread to include the following:Sales prices and variable costs are as follows: $0.69 of ingredients, $0.25 of variable overhead, and direct labor costs to knead and form the loaves of $0.70. Allocating fixed overhead is based on direct labor. The Farm House assigns a fixed overhead cost of $1.07 per loaf. None of the fixed costs are avoidable. The local bakery would charge $1.75 per loaf.1. What is the full product unit cost of making bread in-house?The Farm House Direct Materials   Direct Labor   Variable manufacturing overhead   Fixed manufacturing overhead            Cost per loaf of bread   2. Should the restaurant bake the bread…

Assume that Bene Petit sells only family-sized meals and that the average price is $5.00 per serving. Variable manufacturing costs are $1.75 per serving for customer meals and $0.75 per serving for donated meals. Variable delivery expenses are $2.00 per customer delivery (with an average order size of four meals or 16 servings in each delivery). Variable delivery expenses for donated meals are $200 per delivery, with an average of 1,000 donated meals or 4,000 servings in each delivery. Other variable selling expenses are $0.30 per customer meal sold. Total fixed costs are $144,000. How much total sales revenue would be needed to earn a profit of $126,000 per year? Multiple Choice O $200,000 O $400,000 O $600,000 O $800,000

Chloe's Cafe bakes croissants that it sells to local restaurants and grocery stores. The average costs to bake the croissants are $0.70 for 2,600 and $0.65 for 5,200. Required: If the total cost function for croissants is linear, what will be the average cost to bake 4,400? (Do not round intermediate calculations. Round your final answer to 4 decimal places.)