variances 3

variances 3 - Overhead $30,500 Static Budget Direct Labor...

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This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured group study SI What is the difference between the flexible budget and the static budget? What is the sales volume variance? What is the flexible budget variance?
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This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured group study SI Groovy Bottles is a manufacturer of ceramic bottles. The company has the following standards: Direct Materials (clay) 1.3 pound per bottle, at a cost of $.40 per pound Direct Labor 1/5 hour per bottle, at a cost of $14.80 Static Budget Variable Overhead $70,500 Static Budget Fixed
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Unformatted text preview: Overhead $30,500 Static Budget Direct Labor hours 10,000 Static Budget Number of bottles 52,000 Compute the standard costs of direct materials and direct labor. Compute the Materials price variance and the direct materials efficiency variance. What is the flexible budget variance for direct materials? Interpret the variances. Compute the direct labor price variance and the direct labor efficiency variance. This material is produced by the SI Program at Arizona State University student success .asu.edu { collaborative peer-led structured group study SI What is the flexible budget variance for direct labor? Interpret the variances....
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variances 3 - Overhead $30,500 Static Budget Direct Labor...

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