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21: Solution 1. Covers Price Total Budget 15,000 $6.6667 $100,000 Actual 16,000 6.875 110,000 $ 10,000 (F) Volume Variance VV = (16,000 - 15,000) ($6.6667)
21: Solution 1. Covers Price Total Budget 15,000 $6.6667 $100,000 Actual 16,000 6.875 110,000 $ 10,000 (F) Volume Variance VV = (16,000 - 15,000) ($6.6667) = $6,666.70 (F) Price Variance PV = ($6.875 - $6.6667) (15,000) = $3,124.50 (F)
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith
8th Edition
1259917029, 978-1259917028
