Consider the following data: Compute the price, quantity, and flexible-budget variances for direct materials and direct labor.

Question:

Consider the following data:

Compute the price, quantity, and flexible-budget variances for direct materials and direct labor. Use U or F to indicate whether the variances are unfavorable or favorable.

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Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

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Question Posted: Nov 19, 2014 06:21 AM

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Consider the following data: Compute the price, quantity, and flexible-budget variances for direct materials and direct labor.

Question:

Direct Materials $120,495 127,155 Direct Labor $101,255 Costs incurred: actual inputs X actual prices incurred Actual inputs X expected prices Standard inputs allowed for actual outputs 96,250 achieved X expected prices 130,200 92,500

Step by Step Answer:

Direct material Price variance 120495 127155 6660 F U...View the full answer

Introduction to Management Accounting

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