Homework: chapter 7 HW Score: 0 of 15 pts E7-27 (similar to) Save 4 of 6 (0 comp

Question

Homework: chapter 7 HW Score: 0 of 15 pts E7-27 (similar to) Save 4 of 6 (0 complete) HW Score: 0%, 0 of 140 pts EQuestion Help Consider the following data collected for Durable Homes, Inc EEB (Cick the icon to view the data table.) Requirement Compute the price, efficiency, and fiexible-budget variances for direct materials and direct manufacturing labor. First compute the price, efficiency, and flexible-budget variances for direct materials. Label each variance as favorable (F) or unfavorable (U). Price variance Efficiency variance Flexible-budget variance Data Table Direct Direct Materials Manufacturing Labor 90,000 89,000 Costs incurred: Actual inputs x actual prices 206,000 $ Actual inputs x standard prices Standard inputs allowed for actual output 204,000 x standard prices 200,000 82,000 Print Done Choose from any list or enter any number in the input fields and then click Check Answer Clear All Check Answer remaining

Explanation / Answer

Price variance 2000 U =206000-204000 Efficiency variance 4000 U =204000-200000 Flexible budget variance 6000 U

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