Question 1 Sales price variance, sales volume variance, and fixed co.docx

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Question 1: Sales price variance, sales volume variance, and fixed cost variance Budgeted Actual $500 Sales volume in units 70 65 Unit VC $100 $220 Fixed costs $100,000 $120,000 a) Without computations, characterize the followingvariances as favorable or unfavorable: sales price variance F U sales volume variance F U xed cost variance OFU b) Compute the following variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter For U after the number sales price variances sales volume variances fixed cost variance $ Question 2: Input price and input efficiency variances The budgeted and actual data for direct materials and labor are as follows Budgeted Actual DM price $2 per pound $1.75 per pound DM quantity per unit Spounds per unit 6 pounds per unit DL price $8 per hour $11 per hour DL quantity per unit 0.3 hours per unit 0.4 hours per unit Actual sales volume is 100 units. Budgeted sales volume is 80 units. a) Without

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