Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please solve all the two points You are a management accountant at Prince Rupert company. Your line manager has given you to do variance analysis.
please solve all the two points
You are a management accountant at Prince Rupert company. Your line manager has given you to do variance analysis. The company sold 13000 units of product A, whereas it budgeted 12000 units. Actual revenue from the sales was $ 7,150 whereas it budgeted $ 42,000. Variable cost per unit was $ 20, whereas the company estimated $ 21. Budgeted Fixed Costs was $ 12,000 whereas the actual fixed costs were $ 14,000. Your manager has asked you the followings. i. Your manager has asked you to prepare the flexible budget variance and sales volume variance. ii. Comment on your findings from question i, How can the manager use the variance analysis to make data driven decision Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started