The cost accountant for Sherman's Co. prepared the following monthly performance report relating to the Production Department.

-Refer to the above data. Assume that a revised performance report is prepared for the 11,000?unit level of production using a flexible budget approach. Compute the cost variances for each of the following. Indicate whether each variance is favorable (F) or unfavorable (U).
a) Direct materials variance from flexible budget: $____________
b) Direct labor variance from flexible budget: $____________
c) Total manufacturing overhead variance from flexible budget: $____________

Question

The cost accountant for Sherman's Co. prepared the following monthly performance report relating to the Production Department.
 
-Refer to the above data. Assume that a revised performance report is prepared for the 11,000?unit level of production using a flexible budget approach. Compute the cost variances for each of the following. Indicate whether each variance is favorable (F) or unfavorable (U).
a) Direct materials variance from flexible budget: $____________
b) Direct labor variance from flexible budget: $____________
c) Total manufacturing overhead variance from flexible budget: $____________

Quizplus · Accepted Answer

The Answer of The cost accountant for Sherman's Co. prepared the following monthly performance report relating to the Production Department.
 
-Refer to the above data. Assume that a revised performance report is prepared for the 11,000?unit level of production using a flexible budget approach. Compute the cost variances for each of the following. Indicate whether each variance is favorable (F) or unfavorable (U).
a) Direct materials variance from flexible budget: $____________
b) Direct labor variance from flexible budget: $____________
c) Total manufacturing overhead variance from flexible budget: $____________

The Cost Accountant for Sherman's Co