Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. need help asap, confused. will thumbs up thank you

need help asap, confused. will thumbs up thank you for the assistance. Budgeted...

70.2K

Verified Solution

Question

Accounting

need help asap, confused. will thumbs up thank you for the assistance.

image

Budgeted input price was $10 per pound. You budgeted to use 2 pounds of materials per unit. Budgeted production and sales volume was 5,000 units. Actual production and sales volume was 5,500 units, and you used a total of 10,945 pounds of materials. Actual input price was $11 per pound. The input price and input efficiency variances are: input price = F; input efficiency = F input pri - U; input efficiency = U not enough information - need to know the flexible budget input price = U; input efficiency = F input price = F; input efficiency = U

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students