16.22 Comprehensive review of Chapters 15 and 16, flexible budget. (40 min) 1 A summary of the variances for the four categories of cost is Static-budget Variances Direct materials SFr 44,640 U Direct labour 5,112 U Variable indirect 3,936 U Fixed indirect 7,000 U Flexible-budget variances Sales-volume variances Direct materials SFr 32,640 U Direct labour 2,112 U Variable indirect 64 F Fixed indirect 7,000 U Direct materials SFr 12,000 U Direct labour 3,000 U Variable indirect 4,000 U Fixed indirect – Price-spending variances Efficiency variances Direct materials SFr 17,280 U Direct labour 1,728 F Variable indirect 5,184 F Fixed indirect 7,000 U Direct materials SFr 15,360 U Direct labour 3,840 U Variable indirect 5,120 U Fixed indirect – a Direct [AQ16] -cost variances The key items for calculating the sales-volume, price and efficiency for direct cost items are
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