Determining and interpreting flexible budget variances Use the standard price and cost data supplied in Problem 8-18B.
Question:
Determining and interpreting flexible budget variances Use the standard price and cost data supplied in Problem 8-18B. Assume that Jones actually produced and sold 216,000 units. The actual sales price and costs incurred follow.
Required
a. Determine the flexible budget variances.
b. Indicate whether each variance is favorable (F) or unfavorable (U).
c. Identify the management position responsible for each variance. Explain what could have caused the variance.
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Related Book For 
Fundamental Managerial Accounting Concepts
ISBN: 9780073526799
4th Edition
Authors: Thomas Edmonds, Bor-Yi Tsay, Philip Olds
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