Question
Johnny makes a product called CC. CC has a standard of 2 yards of fabric for each CC. The standard price per yard of fabric
Johnny makes a product called CC. CC has a standard of 2 yards of fabric for each CC. The standard price per yard of fabric is $3. During the period, Johnny planned to make 6,400 units of CC, but actually made 6,000 CCs. Johnny used 11,600 yards of fabric and incurred an actual cost of $34,500 for the fabric. What is the direct materials flexible-budget variance for the current period?
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
