Question
Imagine that Thao Company has following results for the month of January. Show your work for partial credit! Budget (3,000 laptop bags) Actuals (3,100 laptop
Imagine that Thao Company has following results for the month of January. Show your work for partial credit!
| Budget (3,000 laptop bags) | Actuals (3,100 laptop bags) | |
| Fabric (direct material) | $2,400 | $2,300 |
| Rent (fixed) | $4,000 | $4,050 |
Question 1: How much would the flexible budget be for fabric and rent?
Question 2: Once you have the flexible budget for fabric, what is the activity variance and spending variance? Make sure to write favorable or unfavorable for each one.
Question 3: Provide a possible explanation that Thao Company could have for (1) the activity variance and (2) the spending variance for fabric.
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Provider Audit In England Evaluating Medical Audit
Authors: James Buttery, Yvette; Walshe, Kieran; Rumsey, Moira; Amess, Moyra; Bennett, Jennifer & Coles
1st Edition
1898845034, 978-1898845034
