Wisner Fabrication prepares its budgets on the basis of standard costs. Variances are analyzed and reported monthly.
Question:
Wisner Fabrication prepares its budgets on the basis of standard costs. Variances are analyzed and reported monthly. There are no materials inventories.
The following information relates to the current period:
Actual costs and activities for the month follow:
Required
Prepare a cost variance analysis for the variable costs.
Transcribed Image Text:
Standard costs (per unit of output) Direct materials, 5 pounds @ $12.00 per pound Direct labor, 1.5 hours @ $30 per hour.... Factory overhead Variable (30% of material cost). Total standard cost per unit..... ...... $60 45 18 $123
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