Problem #3 Given the following information, explain the salary variance. Costs in the de- partment are considered 50 percent variable. Salaries Paid Hours Volume Actual $228,800 20,800 19,000 Budget $237,120 19,760 20,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Problem #3
Given the following information, explain the salary variance. Costs in the de-
partment are considered 50 percent variable.
Salaries
Paid Hours
Volume
Actual
$228,800
20,800
19,000
Budget
$237,120
19,760
20,000
Transcribed Image Text:Problem #3 Given the following information, explain the salary variance. Costs in the de- partment are considered 50 percent variable. Salaries Paid Hours Volume Actual $228,800 20,800 19,000 Budget $237,120 19,760 20,000
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