Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Calculate the flexible budget amounts and the flexible budget variances. Note whether each variance is favorable or unfavorable. Also, fill in the number of units
Calculate the flexible budget amounts and the flexible budget variances. Note whether each variance is favorable or unfavorable. Also, fill in the number of units used to calculate the flexible budget amounts. There are 16 boxes to fill in.
| Units | 10,000 | 9,000 | ? | ||
| Actual results | Original (static) budget | Flexible budget | Flexible budget variances | Favorable or unfavorable | |
| Direct materials | 66,500 | 58,500 | ? | ? | ? |
| Direct labor | 80,100 | 67,500 | ? | ? | ? |
| Variance overhead | 9,700 | 9,000 | ? | ? | ? |
| Fixed overhead | 224,500 | 225,000 | ? | ? | ? |
| Totals | 380,800 | 360,000 | ? | ? | ? |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started