The following direct materials variance computations are incomplete: Price variance = ($? $7) 10,800 kg
Question:
Price variance = ($? − $7) × 10,800 kg = $5,400 U
Efficiency variance = (? − 10,400 kg) × $7 =? U
Flexible budget variance = $?
Requirement
Fill in the missing values and identify the flexible budget variance as favourable or unfavourable.
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Related Book For
Managerial Accounting
ISBN: 978-0176223311
1st Canadian Edition
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
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