Commerce 2AB3 Tutorial10

Actual results x the actual level of the revenue or

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Unformatted text preview: ctual level of the revenue or cost driver] minus [flexible budget amount x the actual level of the revenue or cost driver] c. [Expected expenditures for the actual number of outputs] plus [the actual expenditures for the actual number of outputs] d. The difference between budgeted and actual variable costs e. The difference between budgeted expenditures and actual expenditures for the budgeted number of outputs Use the information below to answer the next two questions Tractor Corporation produces toy tractors. The company uses the following direct cost categories: Category Standard Inputs for 1 output Std. Cost per input (in $) Direct Materials Direct Labour Direct Marketing 4.00 1.40 0.54 12.50 9.50 5.50 Actual performance and budgeted performance for the company is shown below: Actual output: (in units) 5,000 Direct Materials: Materials costs Input purchased and used Actual price per input $299,000 23,000 $13.00 Direct Manufacturing Labour: La...
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This document was uploaded on 03/23/2014 for the course COMMERCE 2AB3 at McMaster University.

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