Payable is a batch level activities Static Budget 1000000 $2,90 $100000 Activities Number of deliveries Batch size interm of deliveries Variable cost per batch Fixed O.H cost 1. Flexible Budget variance 2. Spending variance for var. 3. Efficiency variance for var. Actual 948000 4,466 2,80 $90000

Payable is a batch level activities Static Budget 1000000 $2,90 $100000 Activities Number of deliveries Batch size interm of deliveries Variable cost per batch Fixed O.H cost 1. Flexible Budget variance 2. Spending variance for var. 3. Efficiency variance for var. Actual 948000 4,466 2,80 $90000

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Description: Payable is a batch level activitiesStatic Budget1000000S$2,90$100000ActivitiesNumber of deliveriesBatch size interm ofdeliveriesVariable cost per batchFixed O.H cost1. Flexible Budget variance2. Spending variance for var.3. Efficiency variance for v

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 18MC: A flexible budget______. A. predicts estimated revenues and costs at varying levels of production B....

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Variance Industries, Ltd. creates problems for accounting students. At the end of the first quarter of 2021, you have been asked to prepare a variance analysis of the company's operations for the quarter recently ended. You have gathered the data below from the company's accounts and the static budget prepared in December 2020. Variable and fixed manufacturing overhead are allocated based on direct- labour dollars. Units manufactured and sold Sales revenue Variable costs Direct materials Direct labour Variable manufacturing overhead Total variable costs Contribution margin Fixed manufacturing overhead Operating income (loss) Actual results Static budget 10,000 12,000 $320,000 $50,000 125,000 29,000 204,000 116,000 73,000 43,000 $360,000 $60,000 120,000 24,000 204,000 156,000 72,000 84,000
the budgeted direct labor cost per unit of Product T is closest to: 9.10 10.50 7.00 15.75
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