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Ruben's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance
Ruben's Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.
Flexible Budget ------Variances------
Price Efficiency
Material A $20,000 $1,000F $3,000F
Material B 30,000 500U 1,500F
Direct labor cost 40,000 500U 2,500F
- Actual amount spent for Material A?
- Actual amount spent for Material B?
- Actual amount spent for direct labor?
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