Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer (f) through (i) and SHOW WORK times 2 yards of material per unit. Actual direct materials used this year were 85,000 yards actual

image text in transcribedPlease answer (f) through (i) and SHOW WORK

times 2 yards of material per unit. Actual direct materials used this year were 85,000 yards actual cost of those 85,000 yards was $522,750. The sales volume variance is $48,000 unf efficiency variance is 18,000 favorable. Please compute the variances below and indicate if favorable or unfavorable: a. What is budgeted standard cost per yard of material? b. How many actual units were made? c. What is the actual price per yard of material \$ d. What is the price variance amount? $ e. Is the price variance amount favorable or unfavorable? f. What is the flexible budget variance amount? 9 g. Is the flexible budget variance favorable or unfavorable? h. What is the static budget variance amount? \$ i. Is the static budget variance favorable or unfavorable

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

Auditing Integrated Concepts And Procedures

Authors: Donald H. Taylor, G. William Glezen

5th Edition

0471524239, 978-0471524236

More Books

Students also viewed these Accounting questions