Total Flexible Budget Product Cost Variance (a) Total Direct Materials Variance Total Direct Total Manufacturing Overhead Variance Labor Variance (b) () (d) irect Materials Direct Materials Cost Variance Efficiency Variance Cost Variance Efficiency Variance Total Fixed Overhead Variance Direct Labor Direct Labor Total Variable Overhead Variance $310 F $165 U $160 U $415 F (e) Variable Overhead Cost Variance Variable Fixed Overhead Efficiency Variance Cost Variance Overhead $525 U $575 F $50 F

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Understanding variance relationships

Complete the table below for the missing variances.

Total Flexible Budget Product Cost Variance
(a)
Total Direct
Materials Variance
Total Direct
Total Manufacturing
Overhead Variance
Labor Variance
(b)
()
(d)
irect Materials Direct Materials
Cost Variance Efficiency Variance Cost Variance Efficiency Variance
Total Fixed
Overhead
Variance
Direct Labor
Direct Labor
Total Variable
Overhead Variance
$310 F
$165 U
$160 U
$415 F
(e)
Variable
Overhead Cost
Variance
Variable
Fixed
Overhead
Efficiency Variance Cost Variance
Overhead
$525 U
$575 F
$50 F
Transcribed Image Text:Total Flexible Budget Product Cost Variance (a) Total Direct Materials Variance Total Direct Total Manufacturing Overhead Variance Labor Variance (b) () (d) irect Materials Direct Materials Cost Variance Efficiency Variance Cost Variance Efficiency Variance Total Fixed Overhead Variance Direct Labor Direct Labor Total Variable Overhead Variance $310 F $165 U $160 U $415 F (e) Variable Overhead Cost Variance Variable Fixed Overhead Efficiency Variance Cost Variance Overhead $525 U $575 F $50 F
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