Question
Use the following information about supply consumption to determine the usage and price variances. The department is considered 90% variable with volume. Actual units of
Use the following information about supply consumption to determine the usage and price variances. The department is considered 90% variable with volume. Actual units of service were 80,000 compared with a budget of 230,000.
Supply Item Actual Spend Budget Spend Actual Units Budget Units
A 8000 3000 3000 1200 800
B 9000 8000 6000 1600 2000
C 5000 5000 4000 1900 2200
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
