Ravan Week 5 - Behzad Cesar Ravan Keller Graduate School of Management Week#5 D01306997#7-30 Flexible Budget Direct Materials and Direc Actual

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Unformatted text preview: Behzad Cesar Ravan Keller Graduate School of Management Week #5 D01306997 #7-30 Flexible Budget, Direct Materials and Direc Actual Results Flexible Budget Variances Unit Sold $6,000.00 $- Direct Materials $594,000.00 $6,000.00 Direct Manufacturing Labor $950,000.00 $10,000.00 Fixed Costs $1,005,000.00 $5,000.00 Total Costs $2,549,000.00 $11,000.00 Footnotes $100 × 6,000 = $600,000 $100 × 5,000 = $500,000 $160 × 6,000 = $960,000 $160 × 5,000 = $800,000 Actual Incurred Actual Input Direct Materials $594,000.00 $540,000.00 $54000 U $60000 F Price Variance Efficiency Varia $6000 F Flexible Budget Variance Direct Manufacturing Labor $950,000.00 $1,000,000.00 50,000 F 40,000 U Price Variance Efficiency Varia 10,000 F Flexible Budget Variance 54,000 pounds × $11/pound = $594,000 54,000 pounds × $10/pound = $540,000 6,000 statues × 10 pounds/statue × $10/pound = 60,000 pounds × 25,000 pounds × $38/pound = $950,000 25,000 pounds × $40/pound = $1,000,000 6,000 statues × 4 hours/statue × $40/hour = 24,000 hours × $40/h #7-33...
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This note was uploaded on 06/11/2011 for the course COST ACC 552 taught by Professor Touhey during the Spring '11 term at DeVry NY.

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Ravan Week 5 - Behzad Cesar Ravan Keller Graduate School of Management Week#5 D01306997#7-30 Flexible Budget Direct Materials and Direc Actual

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