Coast Company planned to produce 12,000 units. This level of production required 20 setups at a...
Coast Company planned to produce 12,000 units. This level of production required 20 setups at a cost of $18,000 plus $500 per setup. Actual production was 10,000 units, requiring 15 setups. Actual setup cost was $26,000. What is the flexible budget variance for setup costs?
Homework Answers
Flexible budget Variance = Actual cost - Flexible Budget cost
Flexible Budget Cost = 15 Setups *500 +18,000 = $25,500
Actula Setup cost = $26,000
Flexible Budget Variance = $26,000- $25,500 = $ 500 Unfavorable ( answer)
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