San Diego State University Operations And Supply Chain Management Assignment Help - Products
Question - Flexible Budgeting and Variance Analysis
Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa
and sugar. The following planning information has been made available:
Standard Amount per Case
Dark Chocolate Light Chocolate Standard Price per Pound
Cocoa 11 lbs. 8 lbs. $5.40
Sugar 9 lbs. 13 lbs. 0.60
Standard labor time 0.50 hr. 0.60 hr.
Dark Chocolate Light Chocolate
Planned production 5,400 cases 10,100 cases
Standard labor rate $13.50 per hr. $13.50 per hr.
Belgian Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar.
At the end of the budget year, Belgian Chocolate had the following actual results:
Dark Chocolate Light Chocolate ...Read More
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