Homework Answers
1. Master budget variance for direct material =
planned budget- actual spent
= 2200 ×34 - 2400 × 41
=74800 - 98400 =( 23,600 ) unfavourable
2. Flexible budget spending variance for direct material =
2400 × ( 34 - 41 ) = (16800) unfavourable
3. Sales volume variance for direct material = ( 2200 - 2400 ) × 34
= ( 6400 ) unfavourable
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item. Indicate whether the variances are favorable or unfavorable
for each item.
Begin with the master budget, then complete the flexible budget
columns and the actual results columns. Label each variance as
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