{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Commerce 2AB3 Tutorial10

Commerce 2AB3 Tutorial10 - Commerce 2AB3 Tutorial 10...

This preview shows pages 1–3. Sign up to view the full content.

Question 1: Starz Inc. manufactures a single product. The following information represents budgeted and actual performance for year 2014: Sales Price Variance = \$9,000 F Sales Volume Variance = \$6,000F Analysis Static Budget Actual Results Flexible Budget Flexible Budget Variance Units 8,000 Total Revenues 80,000 90,000 Total Variable Costs Total Contribution Margin Total Fixed Costs 18,000 4,000F Operating Profit 36,000 4,000F Required: Based on the information given above, calculate the missing information in table.

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

View Full Document
1. A company developed the following per-unit standards for its product: 2 pounds of direct materials at \$6 per pound. Last month, 1,000 pounds of direct materials were purchased for \$5,700. During last month, the company used 500 pound in producing 200 units of output. The direct materials purchase price variance, direct material price variance, direct material flexible budget variance, and direct material efficiency variance, respectively, for last month were: 2. The standard number of hours that should have been worked for the output attained is 8,000 direct labour hours and the actual number of direct labour hours worked was 8,400. If the
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 4

Commerce 2AB3 Tutorial10 - Commerce 2AB3 Tutorial 10...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online