ch16 2.pdf - Results for Desserts by Jacki's pies last quarter were as follows Master budget sales in pies 18,000 Flexible budget sales in pies(based on

ch16 2.pdf - Results for Desserts by Jacki's pies last...

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Results for Desserts by Jacki's pies last quarter were as follows: Master budget sales in pies 18,000 Flexible budget sales in pies (based on actual pies sold) 17,500 Budgeted sales price per pie $22.00 Actual sales price per pie $23.50 Desserts by Jacki's sales price variance was ______. $26,250 favorable The number that should be used to evaluate production performance is the variance from the flexible The difference between actual and budgeted costs is the fixed When computing a flexible budget and variances, ______ marketing and administrative costs are expected to change. only variable On a standard cost sheet, overhead is expressed in terms of the burden rate Results for Desserts by Jacki's pie crust information for last quarter was as follows Actual production in pies 18,000 pies Standard cost for pie crust 6 ounces x $0.09 per ounce Actual cost for pie crusts purchased and used $10,890 for 99,000 ounces Desserts by Jacki purchases pie crusts as they are used. The journal entry to record the purchase and use of the pie crusts using standard costing would include a (debit/credit) Blank 1Blank 1 credi, Incorrect Unavailable to Accounts Payable for Blank 1: credit Blank 2: 10,890 or 10890 The sum of the price and the efficiency variances equals the Total cost

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