Bedou-Kwaku Corporation considers materials and labor to be completely variable costs. Expected production for September was 50,000 units. At that level of production, direct materials cost was budgeted at $195,000, and direct labor cost was budgeted at $320,000. In September, actual production was 58,000 units, actual materials cost was $220,000, and actual labor cost was $315,000. How much was Bedou-Kwaku’s total flexible budget variancefor September?
Bedou-Kwaku Corporation considers materials and labor to be completely variable costs. Expected production for September was 50,000 units. At that level of production, direct materials cost was budgeted at $195,000, and direct labor cost was budgeted at $320,000. In September, actual production was 58,000 units, actual materials cost was $220,000, and actual labor cost was $315,000. How much was Bedou-Kwaku’s total flexible budget variancefor September?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bedou-Kwaku Corporation considers materials and labor to be completely variable costs. Expected production for September was 50,000 units. At that level of production, direct materials cost was budgeted at $195,000, and direct labor cost was budgeted at $320,000. In September, actual production was 58,000 units, actual materials cost was $220,000, and actual labor cost was $315,000. How much was Bedou-Kwaku’s total flexible budget variancefor September?
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