Lamma Company uses a standard cost system. The static (Master) budget on January 1, 2022 shows...
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Lamma Company uses a standard cost system. The static (Master) budget on January 1, 2022 shows that the company is planning to produce and sell 30,000 units of product R at a selling price of $70 per unit. The following information is available on January 1, 2022: Budgeted variable overhead costs $75,000 Budgeted fixed overhead costs $150,000 The standard costs per unit of output are as follows: Direct material: 3 lbs @ $3.50 per lb Direct labor: 1.5 hours @ $20.0 per hour The company actually produced and sold 20,000 units at a price of $90 per unit. The Sales Volume Variance is: $170,000 F $270,000 U $425,000 U $135,000 U Lamma Company uses a standard cost system. The static (Master) budget on January 1, 2022 shows that the company is planning to produce and sell 30,000 units of product R at a selling price of $70 per unit. The following information is available on January 1, 2022: Budgeted variable overhead costs $75,000 Budgeted fixed overhead costs $150,000 The standard costs per unit of output are as follows: Direct material: 3 lbs @ $3.50 per lb Direct labor: 1.5 hours @ $20.0 per hour The company actually produced and sold 20,000 units at a price of $90 per unit. The Sales Volume Variance is: $170,000 F $270,000 U $425,000 U $135,000 U
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Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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