Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

O pts Question 8 Using the following information, calculate the Flex Budget Variance. Please enter a positive number for the variance. You will not be

image text in transcribed
image text in transcribed
O pts Question 8 Using the following information, calculate the Flex Budget Variance. Please enter a positive number for the variance. You will not be able to indicate whether the variance is favorable or infavorable in you answer. Budgeted Direct Materials (6 lbs @ $2/1b) $12 per unit Actual Direct Materials Used 243,000 lbs Actual Units 40,000 units Actual Cost of Direct Materials Used $500,580 Budgeted Direct Labor (2 hours @ $13/hour $26 per unit Actual Direct Labor Hours 81,500 hours Actual Cost of Direct Labor $1,100,250 Budgeted Units 35,000 Budgeted Selling Price $50 Actual Selling Price $45 Question 9 O pts Using the following information, calculate the Direct Materials Variance. Please enter a positive number for the variance. You will not be able to indicate whether the variance is favorable or unfavorable in you answer. Budgeted Direct Materials (6 lbs @ $2/1b) $12 per unit Actual Direct Materials Used 243,000 lbs Actual Units 40,000 units Actual Cost of Direct Materials Used $500,580 Budgeted Direct Labor (2 hours @ $13/hour $26 per unit Actual Direct Labor Hours 81,500 hours Actual Cost of Direct Labor $1,100,250 Budgeted Units 35,000 Budgeted Selling Price $50 Actual Selling Price $45

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

International Accounting Standards: A Practical Approach

Authors: Daniel Melehi

1st Edition

B0C6W6XM1D, 979-8397240536

More Books

Students also viewed these Accounting questions

Question

Write the Ka and Kb reactions of NaHCO3.

Answered: 1 week ago