A company budgeted for 10,000 units at a variable cost of $20 per unit and...
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Accounting
A company budgeted for 10,000 units at a variable cost of $20 per unit and fixed costs of $150,000. Actual production was 9,000 units with a variable cost of $18 per unit and fixed costs of $160,000.
Requirements:(a) Calculate the total cost variance. (b) Determine the variable cost variance. (c) Compute the fixed cost variance. (d) Analyze the reasons for the variances.
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