Question
HOHOHO Inc. has provided you with the following information: Budgeted sales 1500 units Budgeted selling price $120 Standard cost of direct materials per unit 2
HOHOHO Inc. has provided you with the following information:
Budgeted sales | 1500 units |
Budgeted selling price | $120 |
Standard cost of direct materials per unit | 2 meters X $30 per meters = $60 |
Standard quantity of direct labour per unit | 1 hour x $ 25 per hour = $25 |
Standard fixed costs ( total) | $10,000 |
Actual sales | 1450 units |
Actual selling price | $120 |
Actual cost of direct materials per unit | 1.8 meters X $25 per meters = $45 |
Actual cost of direct labour per unit | 1.25 hours x $20 per hour = $25 |
Actual fixed costs ( total) | $10,000 |
Required:
| Static ( Master) | Actual | Flexible Budget
| Volume Variance
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Variable costs |
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Direct materials |
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Direct labour |
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Total variable costs |
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Contribution margin |
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Fixed costs |
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Net income |
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AQ x APAQ X SPSQ X SP
AQ x ARAQ X SRSQ X SR
please help me solve this
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