Use the following information about supply consumption to determine the usage and price variances. The department...

 

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Use the following information about supply consumption to determine the usage and price variances. The department is considered 90% variable with volume. Actual units of service were 70,000 compared with a budget of 130,000. Supply item Actual spend $8,120 A B C Total $8,700 $4,300 $21,120 Budget spend $3,120 $7,000 $5,100 $15,220 Actual units 1,812 1,512 1,763 5,087 Budget units 700 1,600 1,600 3,900 Use the following information about supply consumption to determine the usage and price variances. The department is considered 90% variable with volume. Actual units of service were 70,000 compared with a budget of 130,000. Supply item Actual spend $8,120 A B C Total $8,700 $4,300 $21,120 Budget spend $3,120 $7,000 $5,100 $15,220 Actual units 1,812 1,512 1,763 5,087 Budget units 700 1,600 1,600 3,900

Answer rating: 100% (QA)

Answer M1 Actual cost of material used Actual quantity of material used Ac... View the full answer