What was the direct materials price variance

Reference no: EM131437214

Question: Using the figures shown in Activity below, what was the direct materials price variance for June?

Show that

Budget Actual

Output 11,00 units 1,150 units

(Production and sales)

£ £

Sales revenue 110,000 113,500

Raw materials (44,000) (44,000 meters) (46,300) (46,300 meters)

Labour (22,000) (2,750 hours) (23,200) (2,960 hours)

Fixed overheads (20,000) (19,300)

Operating profit 24,000 24,700

Try flexing the june budget, comparing it with the original june budget, and so find the sales volume variance.

Reference no: EM131437214

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