Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U):
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Item Budget Actual Varlance For U $400 $360,000 $390 $390.000 Sales price Sales revenue Cost of goods sold Material purchases at 5,000 pounds Materlals usage 192,500 $180,000 137,500 $140,000 $89,000 900 units $29,350 $48,500 11000 $12,500 $20,000 $90,000 950 units $30,000 $48,000 Wages at 4,000 hours ch and development expense Selling and adminlstrative expenses $24,500
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Item Budget Actual Variance F or U Sales price 400 390 10 U Sales revenue 360000 390000 30000 ...View the full answer
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
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