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Difference between actual and budgeted direct material costs

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Reference no: EM133090404

Question - Wilson Company prepared the following data in its static budget based on 200,000 direct labour hours:

Direct Materials $950,000

Direct Labour 3,000,000

Variable Overhead 1,700,000

Fixed Overhead 2,500,000

Actual Results:

Direct Labour Hours 190,000 hours

Direct Materials $902,500

Direct Labour 2,945,000

Variable Overhead 1,634,000

Fixed Overhead 2,450,000

Required - What was the difference between the actual and budgeted direct material costs at the actual level of activity?

Reference no: EM133090404

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