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Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
Edition 2ISBN: 978-0077274993 Exercise 8
Sales Price and Activity Variances
Dylan Father operate a tax accounting practice with partners and staff members. Each billable hour of partner time has a $770 budgeted price and $364 budgeted variable cost. Each billable hour of staff time has a budgeted price of $182 and a budgeted variable cost of $98. This month, the partnership budget called for 10,200 billable partner-hours and 41,580 staff-hours. Actual results were as follows:
Required
Compute the sales price and activity variances for these data. Also compute the mix and quantity variances.
Dylan Father operate a tax accounting practice with partners and staff members. Each billable hour of partner time has a $770 budgeted price and $364 budgeted variable cost. Each billable hour of staff time has a budgeted price of $182 and a budgeted variable cost of $98. This month, the partnership budget called for 10,200 billable partner-hours and 41,580 staff-hours. Actual results were as follows:
Required
Compute the sales price and activity variances for these data. Also compute the mix and quantity variances.
Explanation
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Budget and variance analysis in service ...
Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher
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