The Velocity Company uses flexible budgeting for cost control. Velocity made 15,300 units of product during March,
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The Velocity Company uses flexible budgeting for cost control. Velocity made 15,300 units of product during March, incurring indirect material costs of $18,000. It's master budget reflected indirect material costs of $480,000 at a production volume of 320,000 Units.
What was the flexible budget variance for the indirect material costs in March ?
Related Book For
Introduction to Managerial Accounting
ISBN: 978-1259105708
5th Canadian edition
Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan
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