For the most recent week (Big Bob's is open 7 days a week), Big Bob served 1,200 1-pound hamburgers using 1,250 pounds of ground beef for the 1,250 pounds of ground beef. In addition, Big Bob paid his supplier $3.20 per pound of ground beef for the 1,250 pounds he used during the week.
a. What were Big Bob's ground beef price and quantity variance for the most recent week?
b. What factor(s) could explain Big Bob's ground beef variances?
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