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PLEASE HELP ME DO THESE QUESTIONS NOT SURE IF WHAT I HAVE IS CORRECT ASAP
= = = The following direct materials variance computations are incomplete: Price variance ($? - $6) 10,800 kg - $5,400 U Efficiency variance (? - 10,400 kg) $6 = ? U Flexible budget variance = $? Requirement 1. Fill in the missing values and identify the flexible budget variance as favourable or unfavourable. In the first computation the missing value is the actual price per input unit at $ 6.50. (Round your answer to the nearest cent.) (Enter the amount as a positive number. Round your answers to the nearest whole number.) In the second computation the first missing value is the actual quantity of input at kg. The second missing value is the efficiency variance at $ F. The flexible budget variance is $ This variance is favourable. (Enter the amount as a positive number. Round your answers to the nearest whole number.)
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0176530884
2nd Canadian edition
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
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