If the actual production units and costs for January were as below, complete the Actual...
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Accounting
- If the actual production units and costs for January were as below, complete the Actual and Variance columns highlighted in grey section of the 3rd table below.
| Actual unit costs | Cork | Zip/Clasp |
| Cork Zip Wallet - Kylie | $ 5.00 | $ 3.00 |
| Cork Coin Purse | $ 4.50 | $ 4.00 |
| Natural Cork Wallet | $ 6.50 | $ 2.00 |
| Actual Production Budget | DM Cost | January |
| Cork Zip Wallet - Kylie | $ 8.00 | 150 |
| Cork Coin Purse | $ 8.50 | 120 |
| Natural Cork Wallet | $ 8.50 | 210 |
| Direct Materials cost used in production | Budget | Actuals | Variance | F/U |
| Cork Zip Wallet - Kylie | $ 1 531.25 |
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| Cork Coin Purse | $ 1 032.75 |
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| Natural Cork Wallet | $ 1 472.50 |
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| Total Direct Materials Used | $ 4 036.50 |
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