Answered: 1. Create a two way variance analysis…

1. Create a two way variance analysis 1. Price variance favorable or unfavorable 2. Quantity variance favorable or unfavorable 3. Actual price per unit and compute

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 14CE: Refer to Cornerstone Exercise 8.13. In March, Nashler Company produced 163,200 units and had the...

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Question

no hndwrtten please thnx

JackJoe, Inc. standard costing provided below. During 20x1. JackJoe Inc. used X (select a variable between 291,000
and 299,000) of raw materials units to produce 200,000 units of finished goods.
and compute
1. Create a two way variance analysis
1. Price variance favorable or unfavorable
2. Quantity variance favorable or unfavorable
3. Actual price per unit
Costing data
Assumptions
Units sold
Raw material units per unit
sold
Actual Quantity of raw
materials
Budgeted raw material cost
per unit
Total Raw material cost
variance - Favorable
20x1
200,000
1.50
X (choose)
$1.07
$5,000

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