Question
The following results are available for the production department of JC Company for June: Budget (10,000 units) Actual (12,000 units) Direct materials P 26,000 P
The following results are available for the production department of JC Company for June:
Budget (10,000 units) | Actual (12,000 units) | |
Direct materials | P 26,000 | P 28,000 |
Direct labor | 14,000 | 17,000 |
Variable overheads | 2,000 | 2,500 |
Fixed overheads | 3,000 | 3,500 |
Total costs | 45,000 | 51,000 |
If the original budget was flexed, the overall cost variance would be:
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
Cornerstones of Managerial Accounting
Authors: Mowen, Hansen, Heitger
3rd Edition
324660138, 978-0324660135
