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Actual production 5000 - standard production 5500 - actual price 30 - standard price 50 calculate flexible budget ??

Accounting Cost Accounting Financial Accounting CMA Costing
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Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/03/07
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Flexible Production Budget

 

                                          Actual                   Standard              variance.

                                       5000 x30                 5500  x50

Production cost:              150000                  275000               ( -  )  125000

Syed Ammar
by Syed Ammar , Senior Accounts Officer , The City Schools (Group Head office)

in flexible budget standard rate will be constant but actual hours will be used so

5000*50=250,0000

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