Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kujy Limited's original operating profit budget and actual results for September 2020 are as follows: Original budget Actual results Output/sales (units) 2,000 1,900 Sales 642,000

Kujy Limited's original operating profit budget and actual results for September 2020 are as follows:

Original budget

Actual

results

Output/sales (units)

2,000

1,900

Sales

642,000

609,500

Raw materials

(300,000)

(286,234)

Labour

(180,000)

(172,000)

Fixed overhead

(50,000)

(52,000)

Operating profit

112,000

99,266

Calculate the Direct (i.e. raw) materials variance. Show your answer as positive if the variance is favourable, and negative if the variance is adverse.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting An IFRS Perspective In Romania

Authors: Adriana Dutescu

1st Edition

3030294870, 978-3030294878

More Books

Students also viewed these Accounting questions

Question

What are the challenges associated with tunneling in urban areas?

Answered: 1 week ago

Question

What are the main differences between rigid and flexible pavements?

Answered: 1 week ago

Question

What is the purpose of a retaining wall, and how is it designed?

Answered: 1 week ago

Question

How do you determine the load-bearing capacity of a soil?

Answered: 1 week ago

Question

what is Edward Lemieux effect / Anomeric effect ?

Answered: 1 week ago