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Question - Bishkek LLC developed standard costs for direct material and direct labor. In 2014, the company estimated the following standard costs its product - sofa. Budgeted quantity Budgeted price Direct materials 1.5 pounds $7.25 per pound Direct labor 0.25 hours $14.00 per hour During July, the company produced and sold 1,200 sofas using 1,875 pounds of direct materials at an average cost per pound of $7.00 and 280 direct labor hours at an average wage of $14.25 per hour.
Required - Calculate and explain flexible budget variance, direct material and labor price and efficiency variances?
Air France-KLM reports the following equity information for its fiscal year ended March 31, 2009 (euros in millions).
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How might a manager gain insight into the causes of flexible-budget variances for direct materials, labor, and overhead?Why manager find a flexible-budget
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Book value is computed
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