Consider the following data: Compute the price, quantity and flexible-budget variances for direct materials and direct labour.

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Consider the following data:

Costs incurred: actual inputs x actual prices incurred Actual inputs x expected prices Standard inputs

Compute the price, quantity and flexible-budget variances for direct materials and direct labour. Use U or F to indicate whether the variances are unfavorable or favorable

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Introduction To Management Accounting

ISBN: 9780273737551

1st Edition

Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg

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Question Posted: Dec 30, 2023 05:54 AM

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Consider the following data: Compute the price, quantity and flexible-budget variances for direct materials and direct labour.

Question:

Costs incurred: actual inputs x actual prices incurred Actual inputs x expected prices Standard inputs allowed for actual outputs achieved x expected prices Direct materials €154,000 170,000 172,500 Direct labour €77,800 74,000 71,300

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Introduction To Management Accounting

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