Dynondo Incorporated planned to use materials of $12 per unit but actually used materials of $13 per unit, and planned to make 1,500 units but actually made 1,800 units The flexible-budget variance for materials is ________. Select one: a. $3,600 favorable b. $1,800 favorable c. $1,500 unfavorable d. $1,800 unfavorable e. $3,600 unfavorable

Q: 1. The fixed budget was prepared for 5,000 units of production and shows: Sales = $110,000; Variable…

A: "Since you have asked multiple questions, we will solve first question for you. If you want any…

Q: Required: Gleason Guitars produces acoustic guitars. The table below contains budget and actual…

A: Variance arises when the actual costs  differ from the standard costs. The results are favorable…

Q: d sales

A: Answer :    answer is Input price = F; Input efficiency = F

Q: balance, make sure to enter in the appropriate ned it ine vanance is zero, do not select a saper…

A: A variance is the difference between a budgeted, planned or standard cost and the actual amount…

Q: anklin Fruit Basket Company makes baskets of assorted fruit. The standard and actual costs of…

A: Direct Material Price Variance= Actual Quantity (Standard Rate - Actual Rate)Direct Material…

Q: need help finding the: - materials price variance & the materials quantity variance - labor rate…

A:

Q: Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit,…

A: Given, Planned Price = $150 Actual price = $147 Planned unit = 1,100 unit Actual unit = 900 unit

Q: The standard materials cost to produce 1 unit of Product R is 6 pounds of material at a standard…

A: Variance means difference.In standard costing ,variance means the difference between the standard…

Q: Required information [The following information applies to the questions displayed below.] AirPro…

A: Working: Budgeted Overhead = Actual activity level x Budgeted variable overhead rate + Budgeted…

Q: Exercise 2-5 (Static) Calculating Ending Inventories and Cost of Goods Sold [LO 2-5] Morrow…

A: Cost of goods sold :— It is the total cost of units sold during the period. It is calculated by…

Q: Required information [The following information applies to the questions displayed below.] The fixed…

A: The flexible budget is prepared for comparing the standard and actual production data. The variance…

Q: 11) Corp has prepared the following flexible budget for . F = favorable variance, U = unfavorable…

A: Variance analysis is one of the useful technique being used in management accounting. Under this,…

Q: ! Required information [The following information applies to the questions displayed below.] AirPro…

A: Overheads means all type of indirect costs and expenses being incurred in business. It can be fixed…

Q: Goodard inc. planned to use $160 of material per unit but actually used $148 of material per unit,…

A: Flexible budget is that type and form of budget, which changes along with change in volume or…

Q: White planned to use $82 of material per unit but actually used $80 of material per unit and planned…

A: Given the following information: White planned to use $82 of material per unit White actually used…

Q: Thurston Company's budget allows for one pound of material to be used for each unit produced The…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Favorable, because actual volume is less than standard volume Unfavorable, because standard volume…

A: Volume variance is difference between  actual manufacturing overhead applied to production (based on…

Q: the standard glass materials quantity is 0.6 pound per $.40 per pound. the actual result for one…

A: Direct material variance is the difference between standard direct material cost for actual…

Q: Marshall Co makes a single product with the following budgeted material costs per unit: 2 kg of…

A: Variance is the result of the difference between the budgeted value and actual results. It is used…

Q: Determine the Direct Materials (DM) Price Variance and DM Efficiency Variance for the camping kits…

A: Direct material Price variance is the difference between standard material costs resulting from…

Q: The fixed budget for 20,000 units of production shows sales of $400,000; variable costs of $80,000;…

A: Working:

Q: Actual price and variable costs Sales price Materials cost Labor cost Overhead cost Selling,…

A: Let's perform these calculations.  Please provide the actual activity level (e.g., number of units…

Q: Revenue Variable Costs Contribution Margin Fixed Costs Operating Income Units Produced and Sold…

A: The variance is the difference between the actual and standard production cost data. The variance…

Q: Timberlake Company planned for a production and sales volume of 12,600 units. However, the company…

A: VARIABLE COST VOLUME VARIANCE Variable Cost Volume Variance is the Difference between Standard…

Q: Problem 15-20A (Algo) Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4…

A: Answer:-  Cost variance meaning:- A cost variance is the difference between the cost that was…

Q: Encinas Company produces a product that requires 6 standard pounds per unit. The standard price is…

A: Direct material price variance  (Standard Price*Actual Quantity) - (Actual Price*Actual Quantity)…

Q: Complete the flexible budget variance analysis by filling in the blanks in the partial flexible…

A: Variances are the differences between the actual values and budgeted values. If the budgeted values…

Q: The fixed budget for 21,600 units of production shows sales of $583,200, variable costs of $64,800,…

A: A flexible budget is a type of budget that adjusts to changes in activity levels or production…

Q: Hector's Camera Shop has prepared the following flexible budget for September and is in the process…

A: A flexible budget is a budgeting technique that adjusts the budgeted amounts based on changes in the…

Q: 1) Finding direct materials variances Budgeted and actual results for direct materials in June: i.…

A: There are multiple questions as well as multiple sub-parts asked in the question and only the first…

Q: QUESTION 1 If the actual fixed costs total $166500 with the actual number of units produced equal to…

A:

Q: Standard direct materials quantity: 4,000 units Actual direct materials quantity: 3,200 units…

A: Material quantity variance is that part of material cost variance which is due to the difference…

Q: Ray Company provided the following excerpts from its Production Department's flexible budget…

A: Flexible budget performance report is the one which is prepared by the entity to compute the…

Q: mpany produces a chair that requires 5 yards of material per unit. The standard price of one yard of…

A:

Q: Required information [The following information applies to the questions displayed below] The fixed…

A: Lets understand the basics.A flexible budget is a budget that is prepared for different levels of…

Q: Using your corrected framework from part (a), determine the variable-MOH price and efficiency…

A: Analyzing variances can help businesses identify areas where organization managers are doing well…

Q: Assume that a company's planned level of activity was 3,500 units and its actual level of activity…

A: The fixed costs remain same for flexible budget and planned budget. The variable costs per unit…

Q: The Manchester Corporation manufactures wooden pictures frames and reported the following…

A: Variance is the difference between budgeted results and actual results.

Q: Required information [The following information applies to the questions displayed below.] The fixed…

A: Lets understand the basics. Flexible budget is prepared by the management to know sales, variable…

Q: Thurston Company's budget allows for one pound of material to be used for each unit produced The…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Clementine Company makes skateboards. They prepare master and flexible budgets and then perform…

A: Flexible budget variance is the difference between flexible budgeted and actuals for the given…

Q: a. compute the actual amount spent for Direct labor b. compute the actual amount spent for Direct…

A: Direct material variance :— It is the difference between flexible direct material cost and actual…

Q: One subunit of Field Sports Company had the following financial results last month: E (Click the…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: Please don't provide handwriting solution

A: The objective of the question is to identify the incorrect statement among the given options related…

Q: Which of the following would lead to a favourable variance? Question 16 options: Costs budgeted at…

A: Variance :— It is the difference between the actual amount and the budgeted amount. Variance is…

Q: The production cost for a waterproof phone case is $9 per unit and fixed costs are $27,000 per…

A: Standard cost = Total fixed costs + No. of units produced  x Variable cost per unit = 27000 + 5000*9…

Q: Manama Company planned to use $48 of Variable cost per unit but actually used $50 of variable cost…

A: A variable cost is a business expense that fluctuates based on how much the organization produces or…

Q: Required: Please fill out the blanks in the table. Note: Indicate the effect of each variance by…

A: The spending variance is the difference between the actual results and flexible budget data. The…

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance. 

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.