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Burton Company produces top hats. They are comparing budgeted to actual results. Burton Company budgeted producing 10,000 hats each month. Here is the rest of
Burton Company produces top hats. They are comparing budgeted to actual results. Burton Company budgeted producing 10,000 hats each month. Here is the rest of their relevant information:
Selling price per hat: $50 each
Labor costs per hat: $15
Material costs per hat: $10
Fixed Costs per month: $160,000
Burton Company produces 8,000 hats in January. Their actual labor costs in January are $125,000. What is the flexible budget variance for labor costs?
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