Question: The Spreadstream Company is analyzing the differences between the actual results and the budget for the month of October, 2020. The number of units made
The Spreadstream Company is analyzing the differences between the actual results and the budget for the month of October, 2020. The number of units made is the same as those sold. The budgeted values for the month are as follows: The Heart For the Most of Ortoba 30% SO $4.000.000 51000 49,000 Dewal purchase 5 $82,000 18.00 29.000 Dractised 5364.000 S1600 11.000 Direct but content 3.720.000 $19.00 DLH 24.000 DLK erabit 5360.000 5.15.00 DLH 4.000 xe DLH 5.320.00 2000 The actual amounts for the month are as follows: Actual For the Month October 200 SO 54120 500 510 50 10 Deretter purchas 5 912,900 31825 11 50.000 Det material up WIP $385,125 $1133 48.500 Dette er $229,320 52933 PL 24.PLH bieden 5360.0% 53323 DLH 24.00 3.316.500 5101 40200 After creating a flexible budget to account for the production difference, you are tasked with answering the following questions about the variances and whether they are favourable (F) or unfavourable (U). Choose.... Choose 7. What is the Fixed MOH Cost Variance? 1. What is the Direct Material Purchase Price Variance? 6. What is the Variable MOH Efficiency Variance? 5. What is the variable MOH Spending Variance? Choose.... Choose... Choose.... Choose.. 2. What is the DM Quantity Variance? 4. What is the Direct Labour Efficiency Variance? 8. What is the Fixed MOH Production-Volume Variance? 3. What is the Direct Labour Rate Variance? Choose Choose
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
