Business, 02.12.2021 14:50 rhineharttori

Based on the following information answer question Furniture manufacture has 3 units of standard direct material allowed for one unit of output. One unit of direct material is expected to be purchased on average at $10. During the period the manufacture has produced 7000 units of output 4 units of direct materials have been used. The direct materials have been purchased at $9 per unit. The total quantities of materials purchased were 30,000 units.
1.What is a standard cost for material?
2.What will be the total inputs allowed as per the budget for actual outputs achieved?
3.What is total actual direct material used to produce actual output?
4.What is the material price variance?
5.What is the material efficiency variance?
6.What will be flexible budget variance?
7.Which one of the following items would never appear on a cash budget?

Answers: 3

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