Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units The sales-volume variance for materials is Select one: a. $2,700 unfavorable b. $30,000 Unfavorable C. $30,000 favorable d. zero e. $29,400 unfavorable
Domose Inc. planned to use $150 of material per unit but actually used $147 of material per unit, and planned to make 1,100 units but actually made 900 units The sales-volume variance for materials is Select one: a. $2,700 unfavorable b. $30,000 Unfavorable C. $30,000 favorable d. zero e. $29,400 unfavorable
Chapter12: Managing Economic Exposure And Translation Exposure
Section: Chapter Questions
Problem 1IEE
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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