Question: Variance analysis Perform a basic variance analysis for Mike Tire Manufacturing. Flexible Budget Actual Cost Flexible Budget Variance Direct Materials $75,500 $74,000 Direct Labor 101,250

Variance analysis Perform a basic variance analysis for Mike Tire Manufacturing.

Flexible Budget Actual Cost Flexible Budget Variance

Direct Materials $75,500 $74,000

Direct Labor 101,250 104,650

Variable overhead 34,500 33495

Total Manufacturing Cost $211,250 $212145

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