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Kenji was closing up shop for the season and for the fiscal year-end, as well. Managers had carefully evaluated the company's performance, comparing the actual
Kenji was closing up shop for the season and for the fiscal year-end, as well. Managers had carefully evaluated the company's performance, comparing the actual results to budget. They even dug a little deeper into the flexible budget variances to determine the respective price and efficiency (or volume) variances. The following shows the framework used to determine these variancesalthough you'll notice that they neglected to label the differences. Actual CostUnnamed ColumnFlexible Budget DM 66,250 67,400 65,800 DL 86,700 84,120 82,900 Variable-MOH 40,100 41,680 43,400 Actual Cost Master Budget Applied Fixed-MOH Fixed-MOH $52,000 $50,000 $51,500 Record the journal entry to write off these variances directly to COGS this period
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