Bravo Baking uses standard costing to analyze its performance. The data below is provided for your use in determining Bravo’s variances.
Standard Cost per unit Cost/Unit Amount/Unit Standard Cost
Material Cost (ingredients) (.5lbs) 2.29 .5lbs $4.58
Direct Labor (.25hrs*$9/hr) 2.25 .25 $9.00
Overhead 0.57
Total 5.11