Question
You are required to complete a performance report for the month of May 2020, for the Lion Daily, a regional magazine, given the following data:
You are required to complete a performance report for the month of May 2020, for the Lion Daily, a regional magazine, given the following data:
Actual number of magazines produced and sold
550
Budgeted number of magazines produced and sold
500
Actual direct material costs
$38,500
Budgeted direct material costs
$40,000
What is the total variance for direct material costs?
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan
17th Edition
0135628474, 9780135628478
