If the actual production units and costs for January were as below, complete the Actual...
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Accounting
If the actual production units and costs for January were as below, complete the Actual and Variance columns highlighted in grey section of the 3rd table below.
Actual unit costs
Cork
Zip/Clasp
Cork Zip Wallet - Kylie
$ 5.00
$ 3.00
Cork Coin Purse
$ 4.50
$ 4.00
Natural Cork Wallet
$ 6.50
$ 2.00
Actual Production Budget
DM Cost
January
Cork Zip Wallet - Kylie
$ 8.00
150
Cork Coin Purse
$ 8.50
120
Natural Cork Wallet
$ 8.50
210
Direct Materials cost used in production
Budget
Actuals
Variance
F/U
Cork Zip Wallet - Kylie
$ 1 531.25
Cork Coin Purse
$ 1 032.75
Natural Cork Wallet
$ 1 472.50
Total Direct Materials Used
$ 4 036.50
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