Compare actual results and master budget

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Reference no: EM13538855

The accountant at EZ Toys, Inc. is analyzing the production and cost data for its Trucks Division.

For October, the actual results and the master budget data are presented below.

Actual results


Budget data


10,000 trucks produced and sold


12,000 trucks planned


Unit selling price

$15

Unit selling price

$14

Variable costs:


Unit variable cost:


Direct materials

$52,800

Direct materials

$5

Direct labor

51,000

Direct labor

4

Variable overhead

23,000

Variable overhead

2

Total variable costs

$126,800

Total unit variable costs

$11

Fixed overhead

$9,000

Fixed overhead

$9,600

Required:

Prepare a variance analysis to compare actual results and master budget.

Reference no: EM13538855

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