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Berman's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance
Berman's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.
|
| Variances | |
| Flexible budget | Price variance | Efficiency variance |
Material A | $40,000 | $1,000F | $3,000U |
Material B | 60,000 | 500F | 1,500U |
Direct manufacturing labor | 80,000 | 500F | 2,500U |
1) The actual amount spent for Material B was ? 2) The actual amount spent for direct manufacturing labor was ?
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