Classifying variances as favorable or unfavorable
Required
Indicate whether each of the following variances is favorable or unfavorable. The first one has been done as an example.
Item to Classify | Standard | Actual | Type of Variance |
Labor cost | $10.00 per hour | $9.60 per hour | Favorable |
Labor usage | 61,000 hours | 61,800 hours |
|
Fixed cost spending | $400,000 | $390,000 |
|
Fixed cost per unit (volume) | $3.20 per unit | $3.16 per unit |
|
Sales volume | 40,000 units | 42,000 units |
|
Sales price | $3.60 per unit | $3.63 per unit |
|
Materials cost | $2.90 per pound | $3.00 per pound |
|
Materials usage | 91,000 pounds | 90,000 pounds |
|
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.