Actual Fixed Costs = $300,000 Actual Variable Cost = $800,000 Budgeted Fixed Cost = $280,000 Capacity...
Actual Fixed Costs = $300,000 Actual Variable Cost = $800,000 Budgeted Fixed Cost = $280,000 Capacity Level = 80% Variable Cost per Hour = $200 Total Hours = 10,000
Compute budget variance for fixed and variable costs
Homework Answers
Variable cost variance = standard cost - Actual cost
= 10000*80%*200 - 800000 = $80000 favorable
Fixed cost variance = 280000 - 300000 = $20000 unfavorable
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Actual Fixed Costs = $300,000 Actual Variable Cost = $800,000
Budgeted Fixed Cost = $280,000 Capacity...
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