Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mildura Company produces wine caskets and has determined the following direct cost categories and budgeted amounts: Category Standard Inputs for 1 output Standard Cost per

Mildura Company produces wine caskets and has determined the following direct cost categories and budgeted amounts:

Category

Standard Inputs for 1 output

Standard Cost per input

Direct Materials

0.9

$9.2

Direct Labour

0.5

$9.6

Direct Marketing

0.5

$3.0

Actual performance for the company is shown below:

Actual output (in units)

3950

Direct materials' costs

$28466

Materials purchased and used

4028

Direct labour costs

$10110

Total labour hours used

1186

Direct marketing labour costs

$5401

Total marketing labour hours used

1837

Compute the combined total of the flexible-budget variances (use negative sign for favourable variance) and enter the answer below:

Answer:

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_2

Step: 3

blur-text-image_3

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

Intermediate Accounting Volume 1

Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod Dick

7th Edition

1260306747, 978-1260306743

More Books

Students also viewed these Accounting questions