The purchase price variance was $_____, the usuage (or efficiency) variance was $_____. The Flexible...
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Accounting
The purchase price variance was $_____, the usuage (or efficiency) variance was $_____. The Flexible Budget amount was $_____ and the actual spent/used was $______. 7-26. PRICE AND EFFICIENCY VARIANCES. Sunshine Foods manufactures pumpkin scones. For January 2020, it budgeted to purchase and use 14,750 pounds of pumpkin at $0.92 a pound. Actual purchases and usage for January 2020 were 16,000 pounds at $0.85 a pound. Sunshine budgeted for 59,000 pumpkin scones. Actual output was 59,200 pumpkin scones
The purchase price variance was $_____, the usuage (or efficiency) variance was $_____. The Flexible Budget amount was $_____ and the actual spent/used was $______.
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