# question 2 input price and quantity variances 461317

Pietro’s Pizza has established the following standards for making one pizza:

Dough: 0.6 pounds at \$3 per pound

Labor: 0.3 hours at \$10 per hour

Actual sales volume for the past month was 11,000 units. Actual dough and labor quantities and prices were as follows:

Dough: 4,950 pounds (total) at \$2.75 per pound

Labor: 4,400 hours (total) at \$15 per hour

Required:

(enter favorable and unfavorable variances as positive and negative numbers, without F or U)

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question 2 input price and quantity variances 461317
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(a) What are the input price and quantity variances for dough?

input price variance = \$___________(enter negative numbers with a minus, i.e., negative \$100 is -100, not (\$100))

input quantity variance = \$__________ (enter negative numbers with a minus)

(b) What are the input price and quantity variances for labor?

input price variance = \$_______________ (enter negative numbers with a minus)

input quantity variance = \$ _____________ (enter negative numbers with a minus)

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