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Question 30 4 pts Pomona Sprout Products Inc. produces a number of products, including handmade large fiberglass planters for outdoor displays. The firm, which began
Question 30 4 pts Pomona Sprout Products Inc. produces a number of products, including handmade large fiberglass planters for outdoor displays. The firm, which began operations at the beginning of the current year, uses a standard cost system. The standard costs for one large planter are provided below: Direct Materials (3kg @ C$ 8.00 per kg) C$ 24.00 Direct labor (2hrs @ C$ 15.00 per hr) C$ 30.00 Variable Overhead C$ 24.00 Fixed Overhead C$ 6.00 Standard Cost per unit C$ 84.00 The C$6.00 fixed overhead rate is based on total budgeted fixed overhead costs of C$18,000 and estimated sales of 3,000 units. There were no changes in any inventory account during the period. The company produced and sold 3,100 units at the following costs: C$ 81,270 Direct Materials (9,000 kg) Direct labor (6,000 hrs) Variable Overhead C$ 78,000 C$ 76,000 Fixed Overhead C$ 16,500 Total production costs incurred C$ 251,770 Calculate the total flexible budget variance. Question 31 Please refer to your answer for question 30. Ponoma Sprout Products Inc. had a total flexible budget variance that was [ Select]
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