Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period: Static Flexible Actual Quantity 3,200 DL hours 2,900 hours 2,900 hours Price $15 per hour $15 per hour $18 per hour Total Costs $48,000 $43,500 $52,200 Based on the information provided, select all of the true statements from the following options: Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period: Static Flexible Actual Quantity 3,200 DL hours 2,900 hours 2,900 hours Price $15 per hour $15 per hour $18 per hour Total Costs $48,000 $43,500 $52,200 Based on the information provided, select all of the true statements from the following options: The price variance is $8,700, favorable The price variance is $8,700, unfavorable The total budget variance is $42,000, favorable The price variance is $3.00, favorable The quantity variance is $4,500, favorable The quantity variance is 300, unfavorable The quantity variance is $4,500, unfavorable
Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period: Static Flexible Actual Quantity 3,200 DL hours 2,900 hours 2,900 hours Price $15 per hour $15 per hour $18 per hour Total Costs $48,000 $43,500 $52,200 Based on the information provided, select all of the true statements from the following options: Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period: Static Flexible Actual Quantity 3,200 DL hours 2,900 hours 2,900 hours Price $15 per hour $15 per hour $18 per hour Total Costs $48,000 $43,500 $52,200 Based on the information provided, select all of the true statements from the following options: The price variance is $8,700, favorable The price variance is $8,700, unfavorable The total budget variance is $42,000, favorable The price variance is $3.00, favorable The quantity variance is $4,500, favorable The quantity variance is 300, unfavorable The quantity variance is $4,500, unfavorable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Your
| Static | Flexible | Actual | |
| Quantity | 3,200 DL hours | 2,900 hours | 2,900 hours |
| Price | $15 per hour | $15 per hour | $18 per hour |
| Total Costs | $48,000 | $43,500 | $52,200 |
Based on the information provided, select all of the true statements from the following options:
Your managerial accountant provided you with information comparing the actual results to the budgeted amounts for the period:
| Static | Flexible | Actual | |
| Quantity | 3,200 DL hours | 2,900 hours | 2,900 hours |
| Price | $15 per hour | $15 per hour | $18 per hour |
| Total Costs | $48,000 | $43,500 | $52,200 |
Based on the information provided, select all of the true statements from the following options:
The price variance is $8,700, favorable
The price variance is $8,700, unfavorable
The total
The price variance is $3.00, favorable
The quantity variance is $4,500, favorable
The quantity variance is 300, unfavorable
The quantity variance is $4,500, unfavorable
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