Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. for the current shift, victory bottling budgete

1. For the current shift, Victory Bottling budgeted to use 12 ounces of sweet tea...

70.2K

Verified Solution

Question

Accounting

image
1. For the current shift, Victory Bottling budgeted to use 12 ounces of sweet tea per bottle at a standard cost of 10 cents per ounce. Management actually purchased and used 135,000 ounces to produce 10,000 bottles. The company paid $13,000 for the 135,000 ounces that were purchased. What was Victory Bottling's material efficiency variance? Indicate Favorable if the variance is favorable to earnings / Unfavorable if not. 2. What was Victory Bottling's material price variance? Indicate Favorable if the variance is favorable to earnings/Unfavorable if not

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students