Enigma Ltd has prepared a budget based on standard costs. It is shown below together with the
Question:
Enigma Ltd has prepared a budget based on standard costs. It is shown below together with the actual results.
Required
(a) Prepare a flexed budget for 4250 units
(b) Calculate:
(i) Total cost variance
(ii) Expenditure variance
(iii) Direct material variance
(iv) Direct labour variance.
(c) Reconcile the actual cost incurred with the budgeted costs, using the variances calculated in (b).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Prepare a flexed budget for 4250 units A flexed budget adjusts the budgeted amounts based on the actual activity level In this case the actual activity level is 4250 units To prepare the flexed budg...View the full answer
Answered By
Sayee Sreenivas G B
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0 Reviews
10+ Question Solved
Related Book For 
Question Posted:
