ACCT 552 help A Guide to career/Snaptutorial ACCT 552 help A Guide to career/Snaptutorial | Page 5

Please complete the below problems and submit your answers in the
Week 5 Drop Box. See "Syllabus/Due Dates for Assignments &
Exams" for due date information.
1. EM, Inc. private labels mini cupcakes for Starbucks. For April
2012, it budgeted to purchase and use 18,000 pounds of flour at $0.39
a pound. Actual purchases and usage for April 2012 were 22,000
pounds at $0.42 a pound. EM budgeted to produce 120,000 mini
cupcakes. EM budgets to obtain 4 mini-cupcakes per pound of flour.
Actual output was 132,000 mini cupcakes.
a.Compute the flexible-budget variance.
b.Compute the price variance.
c.Compute the efficiency variances.
Comment on the results for the requirements above and provide
possible explanation for them
2.Kool Clothing is a manufacturer of designer dresses. The cost of
each dress is the sum of three variable costs (direct materials cost,
direct manufacturing labor costs, and manufacturing overhead costs)