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14 April, 12:12

If the static budget variance for materials is $250 F and the budgeted cost for materials is $52,000, then the actual cost of materials is a.$51,750. b.$51,950. c.$51,150. d.$52,150.

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  1. 14 April, 13:06
    0
    Option A is correct: $51750

    Explanation:

    Since static budget variance for materials is favourable; hence actual cost is less than the budgeted cost.

    hence actual cost = (52000-250)

    =$51750.
  2. 14 April, 15:08
    0
    a. $51,750

    Explanation:

    Given:

    Budget = $52,000

    Variance = 250 F

    Actual cost of materials = budget - variance

    $52,000 - 250

    = $51,750
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