Question
Please show calculations so I can understand how the numbers were determined. The text is horrible about explaining this for me ------------------------------------------------------------------------ 4) ABC Company's
Please show calculations so I can understand how the numbers were determined. The text is horrible about explaining this for me
------------------------------------------------------------------------ 4) ABC Company's production budget for April included the following for raw materials: Budgeted production = 35,000 units Budgeted raw materials unit cost = $16 per unit
ABC Company's actual production for April was the following: Actual production = 36,000 units Actual raw materials cost = $16.20 per unit
Calculate the following items for ABC's April performance report for raw materials:
i) Original budget = $ ii) Flexed budget = $ iii) Actual cost = $ iv) Variance = $ v) Is it favorable or unfavorable?
------------------------------------------------------------------------------------------ 5) ABC Company's production budget for April included the following for direct labor: Budgeted production = 15,000 units Budgeted direct labor unit cost = $24 per unit
ABC Company's actual production for April was the following: Actual production = 16,000 units Actual direct labor cost = $25.00 per unit
Calculate the following items for ABC's April performance report for direct labor:
i) Original budget = $ ii) Flexed budget = $
------------------------------------------------------------------------------------------ 6) April Corporation developed the following per-unit standards for its product: 2 pounds of direct materials at $3.75 per pound. Last month, 2,000 pounds of direct materials were used to produce 900 units of product.
The direct materials usage variance for last month was: a. $200 unfavorable. b. $750 unfavorable. c. $1,800 favorable. d. $200 favorable
---------------------------------------------------------------- Thanks In advance!
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