Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the
Question:
Tommy's Toys produces two types of toys: trains and dolls. Tommy's uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows:
What is the direct materials flexible budget variance for steel used to manufacture the trains?
A) $419 unfavorable
B) $419 favorable
C) $831 unfavorable
D) $831favorable
Transcribed Image Text:
Plastic Product Names Direct materials information Standard pounds per unit Standard price per pound Actual quantity used per unit Actual price paid for material Actu Steel 0.51b 11b S1.50 1.51bs $1.25 0.75 lbs $2.00 2,5001bs 1,200 lbs S900 F al quantity purchased and used Price variance Quantity variance Flexible budget variance Number of units produced $206 U 7 S522 F 275 550
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Computation of the following Tommy Toys B 419 favorabl...View the full answer
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Related Book For
Cost Management Accounting and Control
ISBN: 978-0324559675
6th Edition
Authors: Don R. Hansen, Maryanne M. Mowen, Liming Guan
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