Figure 11-1. Jason,Inc.produces leather purses.Jason has developed a static budget for the first quarter,based on 20,000 direct labor hours.During the quarter,the actual activity was 22,000 direct labor hours.Data for the first quarter are summarized as follows:
Refer to Figure 11-1.What is the flexible budget variance for the first quarter?
A)$1,000 U
B)$23,000 U
C)$23,000 F
D)$1,000 F
E)none of these

Question

Figure 11-1. Jason,Inc.produces leather purses.Jason has developed a static budget for the first quarter,based on 20,000 direct labor hours.During the quarter,the actual activity was 22,000 direct labor hours.Data for the first quarter are summarized as follows:
 Refer to Figure 11-1.What is the flexible budget variance for the first quarter?
A)$1,000 U 
B)$23,000 U 
C)$23,000 F 
D)$1,000 F 
E)none of these

Quizplus · Accepted Answer

The Answer of Figure 11-1. Jason,Inc.produces leather purses.Jason has developed a static budget for the first quarter,based on 20,000 direct labor hours.During the quarter,the actual activity was 22,000 direct labor hours.Data for the first quarter are summarized as follows:
 Refer to Figure 11-1.What is the flexible budget variance for the first quarter?
A)$1,000 U 
B)$23,000 U 
C)$23,000 F 
D)$1,000 F 
E)none of these