Homework Answers
1) Calculate flexible budget amount
Fixed cost = 150000; variable cost = 123000/12000*10000 = 102500
So answer is e) $150000 Fixed ; $102500 Variable
2) Total material cost variance = (810000-888250) = 78250 U
So answer is c) $78250 U
3) Labor rate variance = (12-12.50)*12250 = 6125 U
So answer is a) $6125 U
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