Homework Answers
Calculate following
| Actual | Flexible budget | Master budget | |
| Direct material | 2400*41 = 98400 | 2400*34 = 81600 | 2200*34 = 74800 |
a) Master budget variance = 74800-98400 = 23600 U
b) Flexible budget variance = 81600-98400 = 16800 U
c) Sales volume variance = 81600-74800 = 6800 U
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