Essay
Mittrell Company produces chairs and has determined the following direct cost categories and budgeted amounts:
Actual performance for the company is shown below:
Required:
a.What is the combined total of the flexible-budget variances?
b.What is the rate variance of the direct materials?
c.What is the rate variance of the direct manufacturing labour and the direct marketing labour,respectively?
d.What is the efficiency variance for direct materials?
e.What are the efficiency variances for direct manufacturing labour and direct marketing labour,respectively?
Correct Answer:
Verified
a.
b.($9.25 - $9.50)× (4,500)= $1,125...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
b.($9.25 - $9.50)× (4,500)= $1,125...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q3: The direct materials mix variance will be
Q9: Depending on the level of the cost
Q20: A flexible budget is a budget that
Q30: Use the information below to answer the
Q35: The following data for the lew grow
Q53: A variance is considered to be<br>A)the gap
Q64: Use the information below to answer the
Q79: A favourable variance can be automatically interpreted
Q88: Use the information below to answer the
Q120: The process in which a company's products