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Budgeted input price was $10 per pound. You budgeted to use 2 pounds of materials per unit. Budgeted production and sales volume was 5,000 units.

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Budgeted input price was $10 per pound. You budgeted to use 2 pounds of materials per unit. Budgeted production and sales volume was 5,000 units. Actual production and sales volume was 4,500 units, and you used a total of 9,025 pounds of materials. Actual input price was $9 per pound. The input price and input efficiency variances are: O not enough information - need to know the flexible budget input price = F; input efficiency = F O input price = U; input efficiency = F input price = U; input efficiency = U O input price = F; input efficiency = U

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