Solution-Compare actual results and master budget

Compare actual results and master budget

Assignment Help Cost Accounting

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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Compare actual results and master budget

Reference no: EM13538855

Reference no: EM13538855

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