Question

What kind of variance represents differences in the flexible budget and the actual results? Direct Labor...

What kind of variance represents differences in the flexible budget and the actual results? Direct Labor Rate Variance? Direct Materials Usage Variance? Sales Price Variance? Or all of them?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

The differences in the flexible budget and the actual results is represented by the Sales Price Variance.

The difference in the flexible budget and actual results are caused due to the difference in the standard price and the actual price. The quantity is same in both flexible budget and actual results.

Sales price variance = (Actual quantity x Actual price) - (Actual quantity x Standard price)

Add a comment
Know the answer?
Add Answer to:
What kind of variance represents differences in the flexible budget and the actual results? Direct Labor...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT