Question
Your company had the following static budget: Revenue346124 Materials70274 Labor95224 Overhead74771 with an anticipated volume of 4203 units. Actual results for the period were Revenue341238
Your company had the following static budget:
Revenue346124
Materials70274
Labor95224
Overhead74771
with an anticipated volume of 4203 units.
Actual results for the period were
Revenue341238
Materials86247
Labor105410
Overhead98651
with an actual volume of 4741 units.Materials and labor are variable costs and overhead is a fixed cost.
1.Provide the sales price variance (absolute value):
2.provide the materials variance (absolute value)
3.provide the labor variance (absolute value
4.provide the overhead variance (absolute value).
5.provide the sales volume variance (absolute value).
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