Ched Ltd manufactures Cheddar cheese pies. For January 2008, it budgeted to purchase and use 15 000
Question:
Ched Ltd manufactures Cheddar cheese pies. For January 2008, it budgeted to purchase and use 15 000 kg of Cheddar cheese at £0.89 per kg; budgeted output was 60 000 pies Actual purchase and use for January 2008 was 16 000 kg at £0.82 per kg; actual output was 60800 pies.
Required
1. Calculate the flexible-budget variance.
2. Calculate the price and efficiency variances.
3. Comment on the results in requirements 1 and 2.
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1 The key information items are Actual Budgeted Output units pies 60800 60000 Input units 16000 1500...View the full answer
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Related Book For 
Management and Cost Accounting
ISBN: 978-1405888202
4th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
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