What is the material price variance? a. 11,000 favorable b. 12,650 favorable c. 1,650 unfavorable d. 23,650
Question:
What is the material price variance?
a. €11,000 favorable
b. €12,650 favorable
c. €1,650 unfavorable
d. €23,650 unfavorable
The following data relate to the budget and actual results of Oscar Enterprises, which produces and sells net balls in France.
The standard cost of €15.00 per a net ball is as follows:
During the month of December, 55,000 kgs and 41,500 labor hours were used.
Transcribed Image Text:
Units produced Units sold Revenues Direct materials Direct manufacturing labor costs Variable overheads Contribution margin Fixed costs Operating income Budget 10,000 10,000 €180,000 € 10,000 € 60,000 € 80,000 € 30,000 € 13,000 € 17,000 Actual 10,600 10,600 €180,200 € 12,650 € 72,625 € 83,000 € 11,925 € 11,600 € 325
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Related Book For
Horngrens Cost Accounting A Managerial Emphasis
ISBN: 9780135628478
17th Edition
Authors: Srikant M. Datar, Madhav V. Rajan
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