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The accountant at EZ Toys, Inc. is analyzing the production and cost data for its Trucks Division. For October, the actual results and the
The accountant at EZ Toys, Inc. is analyzing the production and cost data for its Trucks Division. For October, the actual results and the master budget data are presented below. Actual Results: 10,000 Trucks Produced and Sold Budget Data: 12,000 Trucks Planned Unit selling price $15 Unit selling price $14 Variable costs: Unit variable cost: Direct materials $ 52,800 Direct materials $5 Direct labor 51,000 Direct labor 54 4 Variable overhead 23,000 Variable overhead 2 Total variable costs $126,800 Total unit variable costs $11 Fixed overhead $9,000 Fixed overhead $9,600 Required: Prepare a profit variance analysis.
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The image you sent is a profit variance analysis for the Trucks Division of EZ ToysIncfor OctoberThe actual results are compared to the budget data Here is a breakdown of the variances Sales price var...Get Instant Access to Expert-Tailored Solutions
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