xyz's flexible budget performance report for last month shows that actual indirect materials cost, a variable...
xyz's flexible budget performance report for last month shows that actual indirect materials cost, a variable overhead cost, was $28,420 and that the variance for indirect materials cost was $3,828 unfavorable. During that month, the company worked 11,600 machine-hours. Budgeted activity for the month had been 11,300 machine-hours.
The cost formula per machine-hour for indirect materials cost must have been closest to:
Select one:
a. $2.18
b. $2.12
c. $2.78
d. $2.49
e. $2.85
Homework Answers
Indirect materials cost in flexible budget = Actual cost - Unfavorable variance
= $28420-3828
= $24,592
Cost formula per machine-hour for indirect materials cost = Indirect materials cost in flexible budget / Budgeted activity
= $24,592/11,300
= $2.18
Option a. is correct answer.
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