Dog Bone Bakery, which bakes dog treats, makes a special biscuit for dogs. Each biscuit uses 0.75 cup of pure semolina f

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Dog Bone Bakery, which bakes dog treats, makes a special biscuit
for dogs. Each biscuit uses 0.75 cup of pure semolina flour. They
buy 4,000 cups of flour at $0.55 per cup. They use 3,587.5 cups of
flour to make 4,800 biscuits. The standard cost per cup of flour is
$0.54.
A. What are the direct materials price variance, the direct
materials quantity variances, and the total direct materials cost
variance? Round your answers to two decimals. Enter all amounts as
positive numbers.
Direct materials price variance $_______ fill in the blank 1
Unfavorable
Direct materials quantity variance $_______ fill in the blank 3
Favorable
Total direct materials cost variance $_______ fill in the blank
5 Unfavorable
B. What is the standard cost per biscuit for the semolina flour?
Round your answer to four decimals. $______ fill in the blank
7
show calculation formula for more understanding