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:

Direct Direct Materials Labour Costs incurred: actual inputs × actual prices incurred Actual inputs × expected prices

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

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Related Book For answer-question

Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

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Question Posted: Jul 09, 2019 07:52 AM

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

Question:

Direct Direct Materials Labour Costs incurred: actual inputs × actual prices incurred Actual inputs × expected prices Standard inputs allowed for actual outputs achieved × expected prices $154,000 $77,800 170,000 74,000 172,500 71,300

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Direct materials Price variance 154000 170000 16000F ...View the full answer

Management Accounting

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