The Alpha Company manufactures designer jewelry for jewelry stores. A new accountant intern at Alpha Company has

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The Alpha Company manufactures designer jewelry for jewelry stores. A new accountant intern at Alpha Company has accidentally deleted the calculations on the company’s variance analysis calculations for the year ended December 31, 2017. The following table is what remains of the data.

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1. Calculate all the required variances. (If your work is accurate, you will find that the total static-budget variance is \($0.)\)
2. What are the actual and budgeted selling prices? What are the actual and budgeted variable costs per unit?
3. Review the variances you have calculated and discuss possible causes and potential problems. What is the important lesson learned here?

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Related Book For  book-img-for-question

Horngrens Cost Accounting A Managerial Emphasis

ISBN: 9781292211541

16th Global Edition

Authors: Srikant Datar, Madhav Rajan

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