he foliwing dine and ieniy the fiexibie budget variance as f

he foliwing dine and ieniy the fiexibie budget variance as favoratble or unfavorabie variance computations ane incomplete. Fill in the missing values, Pite vanance s($?-95)x4,000 pounds ,000U Eflicieney variance -3,800 pounds) 55 Flexible budget variance $

Solution

Price variance = ( $ 6 - $ 5 ) x 4000 pounds = $ 4000 U

Efficiency variance = ( 4000 - 3800) x $ 5 = 1000 U

Flexible budget variance = Actual results - flexible budgeted amount

Flexible budget variance = 4000 x $ 6 - 3800 x $ 5

Flexible budget variance = $ 5000