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Z Company Uses a Variable Costing System

question 73

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Z Company uses a variable costing system.There was no opening or closing stock.The following data is available.Use this data to determine Z's sales price variance. Z Company uses a variable costing system.There was no opening or closing stock.The following data is available.Use this data to determine Z's sales price variance.   A)  $2000 favourable B)  $10 000 unfavourable C)  $58 000 unfavourable D)  $10 000 favourable


Definitions:

Bank Clearing Time

The process and time required for checks and other transactions to be processed through a bank or clearinghouse and the funds to become available.

Processing Time

The time required to complete a particular process, such as manufacturing or data processing.

Weighted Average Delay

The mean delay time, taking into account the importance or weight of each contributing factor to the overall delay.

Cheques

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a specific individual.

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