ACCOUNTING
Multiple Choice
Ruben’s Camera Shop has prepared the following flexible budget for September and is in the process of interpreting the variances. F denotes a favorable variance and U denotes an unfavorable variance.
Flexible ------------Variances-------------
Budget Price Efficiency
Material A $20,000 $1,000F $3,000U
Material B 30,000 500U 1,500F
Direct manufacturing labor 40,000 500U 2,500F
The actual amount spent for Material B was
a. $28,000
b. $29,000
c. $30,000
d. $31,000
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