Questiоns 15 thrоugh 18 аre bаsed оn the following informаtion: JAX Fish Factory is a restaurant that serves mediocre seafood. The following table provides data concerning the company's costs (q refers to the number of meals served): Formula Cost of ingredients $7.50q Wages and salaries $10,000 Utilities $800 + $0.20q Rent $3,000 Miscellaneous $900 + $0.80q Assume that 2,000 meals were served last month.. Also assume that JAX Fish Factory had planned on serving 1,900 meals last month. At the end of the month JAX determined that they had a favorable flexible budget spending variance of $620 for the Cost of Ingredients line item. How much did JAX spend on ingredients during the month?
Questiоns 19 thrоugh 24 аre bаsed оn the following informаtion: ABC Co. makes widgets. The company uses standard costing with the following standards per widget: Materials: 8 kilograms per unit at $0.80 (80 cents) per kilogram Labor: 1.5 hours per unit at $20 per hour During the month of September, the company produced and sold 1,000 units. 9,000 kilograms of materials were purchased and used in production. The total cost of the materials was $6,750. Labor costs were $33,600 and represented payment for 1,600 hours worked. The labor efficiency variance is: