Expected Treatments= 1,000 Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000 Quantity Quantity. Variable Average Average Resource Unit Cost Variable Fixed Cost Fixed Cost Total Cost Labor 0.80 0.80 $16.00 $12.80 $12.80 $25.60 Supplies 7.0O 1.10 7.70 7.70 $20.50 $12.80 $33.30 Actual Month Cost Lab Treatment SU #12 Actual Treatments = 1,100 Home Health Agency Costs Resource Quantity Used Unit Cost Total Cost Labor 1,600 $17.00 $27,200 Supplies 7,500 1.00 7,500 $34,700 Calculate the following variances and indicate whether each variance is favorable or unfavorable:
Expected Treatments= 1,000 Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000 Quantity Quantity. Variable Average Average Resource Unit Cost Variable Fixed Cost Fixed Cost Total Cost Labor 0.80 0.80 $16.00 $12.80 $12.80 $25.60 Supplies 7.0O 1.10 7.70 7.70 $20.50 $12.80 $33.30 Actual Month Cost Lab Treatment SU #12 Actual Treatments = 1,100 Home Health Agency Costs Resource Quantity Used Unit Cost Total Cost Labor 1,600 $17.00 $27,200 Supplies 7,500 1.00 7,500 $34,700 Calculate the following variances and indicate whether each variance is favorable or unfavorable:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please provide answers in excel with formulas.
Calculate the following variances and indicate whether each variance is favorable or unfavorable:
1.5. Volume Variance
1.6. Total Variance
Transcribed Image Text:Expected Treatments= 1,000
Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000
Quantity
Quantity.
Variable
Average
Fixed Cost Total Cost
Average
Resource
Unit Cost
Variable
Fixed
Cost
Labor
0.80
0.80
$16.00
$12.80
$12.80
$25.60
Supplies 7.00
1.10
7.70
7.70
$20.50
$12.80
$33.30
Actual Month Cost
Lab Treatment SU #12
Actual Treatments = 1,100
Home Health Agency Costs
Resource Quantity Used
Unit Cost
Total Cost
Labor
1,600
$17.00
$27,200
Supplies
7,500
1.00
7,500
$34,700
Calculate the following variances and indicate whether each variance is favorable
or unfavorable:
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