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Franklin Frult Orink Company planned to make 203,000 containers of apple juice, it expected to...

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Accounting

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Franklin Frult Orink Company planned to make 203,000 containers of apple juice, it expected to use two cups of frozen apple concentrate to make each container of julce, thus using 406,000 cups of frozen concentrate. The standard price of one cup of apple concentrate is $0.22 Franktin actually paid $128,377 to purchase 414,120 cups of concentrate, which was used to make 204,000 containers of apple juice. Required: b. Compute the actual price per cup of concentrate. Note: Round your answer to 2 decimal places. c. Compute the standard quantity (number of cups of concentrate) required to produce the containers. d. Compute the materials price variance and indicate whether it is favorable (F) or unfavorable (U). Notes Select "None" If there is no effect (1,e, rero variance). Round "Price varlance" to 2 decimal places. e. Compute the materials usage variance and indicote whether it is favorable (P) or unfavorable (U). Noter Select "None" if there is no effect (..e., zero variance), Round "Usage variance" to 2 decimal places

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