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Tcecarenko [31]
3 years ago
13

Higgs Enterprise's flexible budget cost formula for indirect materials, a variable cost, is $0.75 per unit of output. If the com

pany's performance report for last month shows a $600 favorable spending variance for indirect materials and if 8,000 units of output were produced last month, then the actual costs incurred for indirect materials for the month must have been:
Business
1 answer:
balandron [24]3 years ago
6 0

Answer:

$5,400= indirect material

Explanation:

Giving the following information:

Standard= $0.75 per unit of output.

Indirect material spending variance= $600 favorable

8,000 units of output were produced last month.

To determine the indirect material costs incurred, we need to use the following formula:

Indirect material price variance= (standard price - actual price)*actual quantity

600= (0.75 - actual price)*8,000

600= 6,000 - actual price

5,400= actual price (in total)

To prove:

Indirect material price variance= (0.75*8,000 - 5,400)

Indirect material price variance= $600 favorable

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What is the maximum amount a 45-year-old taxpayer and 45-year-old spouse can put into a Traditional or Roth IRA for 2019 (assumi
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