CA HW Chapter 8

CA HW Chapter 8 - MichaelBailey CostAccounting...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Michael Bailey Cost Accounting Chapter 8 Homework <8-16> 1 Actual Step One Flexible BudgeMaster Budget 52164 54432 51840 51840 Spending Variance:  54432-52164= 2268 F Efficiency Variance:  51840-54432= 2592 U Flexible Budget Variance:  51840-52164= 324 U 2 <8-21> Variable Fixed Spending variance 4200 U 3000 U Efficiency variance 4500 U never Production-volume variance never 600 U Flexible Budget variance 8700 U 3000 U 8700 U 3600 U <8-23> 1 Actual  Step 1 Flexible Master Variable 155100 159600 147600 147600 Fixed 401000 390000 369000 (4-Variable Analysis) Spending VarEfficiency VarProd-Vol Var Var MOH 4500 F 12000 U never Fixed MOH 11000 U never 21000 U than the budgeted cost (11.50 compared to 12).  There was an unfavorable  efficiency variance because the labor hours needed to create each suit was  longer than the budgeted rate.  The flexible budget variance, therefore, was  unfavorable because the unfavorable efficiency variance was larger in value 
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

CA HW Chapter 8 - MichaelBailey CostAccounting...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online