-How much raw materials costs would be included in the flexible budget for March?
-What are the raw materials price & quantity variances for March? What are the journal entries associated with these variances?
-What would be the raw materials price & quantity variances in March with the following changed: Raw materials purchased 170,000 pounds
Purchase price $7.50 per pound Raw materials used 160,000 pounds.
-What direct labor cost would be included in the flexible budget for March:
-What is the direct labor rate & efficiency variances in March?
-What are the journal entries associated with these variances?
-What variable manufacturing overhead cost would be included in the flexible budget for March?
-What are the variable overhead rate & efficiency variances for March?
-What amounts of advertising, sales salaries & commissions, and shipping would be included in the flexible budget for March?
-What are the spending variances related to advertising, sales salaries & commissions, and shipping for March?