Peterson Foods manufactures pumpkin scones. For January 2007,
it budgeted to purchase and use 15,000 pounds of pumpkin at $0.89 a pound. Actual purchases and usage
for January 2007 were 16,000 pounds at $0.82 a pound. It budgets for 60,000 pumpkin scones. Actual output
was 60,800 pumpkin scones.
1. Compute the flexible-budget variance.
2. Compute the price and efficiency variances.
3. Comment on the results in requirements 1 and 2.
2007-11-23
00:32:22
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3 answers
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Anonymous
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Other - Business & Finance