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Picture Perfect Ltd. uses the following cost formula for its supplies: Fixed cost = $2,150 per month Variable cost = $21 per frame For the month of March, the company planned for 710 frames, but the actual number of frames was 685. The actual supplies cost for March was $17,250. What was the variance for supplies cost in March?

Picture Perfect Ltd. uses the following cost formula for its supplies: Fixed cost = $2,150 per month Variable cost = $21 per frame For the month of March, the company planned for 710 frames, but the actual number of frames was 685. The actual supplies cost for March was $17,250. What was the variance for supplies cost in March?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 7PB: Marymount Company makes one product. In the month of April, it made 3,500 units. Workers were paid...
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Picture Perfect Ltd. uses the following cost formula for its supplies: Fixed cost = $2,150 per month Variable cost = $21 per frame For the month of March, the company planned for 710 frames, but the actual number of frames was 685. The actual supplies cost for March was $17,250. What was the variance for supplies cost in March?
Transcribed Image Text:Picture Perfect Ltd. uses the following cost formula for its supplies: Fixed cost = $2,150 per month Variable cost = $21 per frame For the month of March, the company planned for 710 frames, but the actual number of frames was 685. The actual supplies cost for March was $17,250. What was the variance for supplies cost in March?
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