Solution-Find which fixed and variable costs may be

Find which fixed and variable costs may be expressed as

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Problem 1: At 24000 direct labor hours, the flexible budget for indirect materials is $36000. If $39400 are incurred at 24400 direct labor hours, the flexible budget report should show the following difference for indirect materials:

Option 1: $3400 unfavorable.

Option 2: $2800 favorable.

Option 3: $3400 favorable.

Option 4: $2800 unfavorable.

Problem 2: At zero direct labor hours in a flexible budget graph, the total budgeted cost line intersects the vertical axis at $30000. At 15000direct labor hours, a horizontal line drawn from the total budgeted cost line intersects the vertical axis at $120000. Fixed and variable costs may be expressed as:

Option 1: $30000 fixed plus $8 per direct labor hour variable.

Option 2: $90000 fixed plus $2 per direct labor hour variable.

Option 3: $30000 fixed plus $6 per direct labor hour variable.

Option 4: $90000 fixed plus $6 per direct labor hour variable.

Reference no: EM132974424

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Find which fixed and variable costs may be expressed as

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