t.html ter 9. Quiz 6 Help Save & E TB MC Qu. 9-221 Piechocki Corporation manufac

Question

t.html ter 9. Quiz 6 Help Save & E TB MC Qu. 9-221 Piechocki Corporation manufactures PI Corporation manufactures and sells a single product. The company uses unts as the measure of activity in its budgets and performance reports. During May,the company budgeted for 7,000 units, but its actual level of actvtly was 6.950 units. The company has provided the folowing data concerning the formulas used in ts budgeting and its actual results for May Data used in budgeting Revenue S34.50 6.50 14.10 2.00 0.50 Direct labor Di rect 40, 000 25, 800 65, 800 s 23.10 Actual results for May

Explanation / Answer

Spending variance for direct material

= (Actual price - standard price ) actual quantity

= Actualprice x actual quantity - standard price x actual qty

= 99030 - (14.10x6950) (99030 is the actual cost of material)

= 1035 U

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