Question
Use the following information about supply consumption to determine the usage and price variances. The department is considered 85% variable with volume. Actual units of
Use the following information about supply consumption to determine the usage and price variances. The department is considered 85% variable with volume. Actual units of service were 70,000 compared with a budget of 130,000. Excel only please.
| Supply item | Actual spend | Budget spend | Actual units | Budget units |
| A | $8,120 | $3,120 | 1,812 | 700 |
| B | $8,700 | $7,000 | 1,512 | 1,600 |
| C | $4,300 | $5,100 | 1,763 | 1,600 |
| Total | $21,120 | $15,220 | 5,087 | 3,900 |
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Auditing Fundamentals In A South African Context
Authors: Gerrit Penning, Rika Butler, Pieter Von Wielligh, Frans Prinsloo
2nd Edition
0190749040, 978-0190749040
