Solution-What the variable cost of the initial budget

What the variable cost of the initial budget

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Reference no: EM133162002

Question - The IKS Company Management Controller provides you with information relating to its 2021 financial year:

Amount

Variable costs (flexible budget) 50,000

Fixed costs (initial budget) 30,000

You are also provided with the following information:

Adverse variance on variable costs: $5,000

Favourable fixed cost yield variance: $5,000

Required - What the variable cost of the initial budget and the fixed cost of the actual budget?

Reference no: EM133162002

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What the variable cost of the initial budget

Reference no: EM133162002

Reference no: EM133162002

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