Question: need help with 23 and 24 You have been asked to compare your company's flexible budget against the actual results. Upon closer inspection, you find

You have been asked to compare your company's flexible budget against the actual results. Upon closer inspection, you find that the actual expenses for the company were $329,680 and the company's flexible budget anticipated that expenses would be $304,000 Based on this Information, the $25,680 budget variance would be deemed as favorable True or False True False During April, the James Boot Company manufactured 800 boots. The leather cost per boot was $8. The Company's typical standards are to produce 700 boots each month at leather cost of $9 per pair. The Company's owner has asked you, the cost accountant to calculate the material price and efficiency quantity) variances for leather as well as the total varlance Based on the information above What is the materials price variance (in dollars) and is it favorable or unfavorable? Multiple Choice $900 Favorable 5800 Unfavorable
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