Acme Manufacturing uses flexible budgeting. Fixed Production Costs 30000 Variabl

Question

Acme Manufacturing uses flexible budgeting. Fixed Production Costs 30000 Variable Production Costs 120000 Expected Output in Units 100000 Actual Output in Units 95625 Actual Production Costs 141260 What is the Production Cost budget variance? (for this formula generated problem enter a favorable variance as a positive number (e.g. 400) and a negative variance as a negative number (e.g. -400). Round to whole amounts, no decimals) This problem is a variant of the question in the Self-test on page 183 Chapter 23

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Amount Flexible Costs: Fixed Production Costs           30,000.00 Variable Production Costs = 120,000/10,0000 * 95,625        114,750.00 Flexible production costs        144,750.00 Actual Production Costs        141,260.00 Production Cost budget variance = 141,260 - 144,750 3,490 F

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