Question
Variance Analysis (Material and Labor): Item Actual Cost ($) Standard Cost ($) Direct Materials 70,000 65,000 Direct Labor 50,000 45,000 Variable Overhead 40,000 35,000 Fixed
- Variance Analysis (Material and Labor):
Item | Actual Cost ($) | Standard Cost ($) |
Direct Materials | 70,000 | 65,000 |
Direct Labor | 50,000 | 45,000 |
Variable Overhead | 40,000 | 35,000 |
Fixed Overhead | 30,000 | 25,000 |
Compute the total variance.
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Accounting Tools for business decision making
Authors: kimmel, weygandt, kieso
4th Edition
978-0470117262, 9780470534786, 470117265, 470534788, 978-0470095461
