Please do not give solution in image format thanku EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $580 budgeted price and$290 budgeted variable cost. Each billable hour of staff time has a budgeted price of $130 and a budgeted variable cost of $80. For themost recent year, the partnership budget called for 8,400 billable partner-hours and 33,700 staff-hours. Actual results were as follows:Partner revenue$4,492,000 7,900hoursStaff revenue$4,315,000 33,000hoursRequired:a. Compute the sales price variance. (Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there isno effect, do not select either option.)b. Compute the total sales activity variance. (Do not round intermediate calculations. Indicate the effect of each variance by selecting"F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)

Name: Please do not give solution in image format thanku EZ-Tax is a tax acc
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Description: Please do not give solution in image format thanku EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $580 budgeted price and$290 budgeted variable cost. Each billable hour of staff time has

Sales price variance can be used by companies to evaluate the effectiveness of their pricing…

Business

Accounting

EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $580 budgeted price and $290 budgeted variable cost. Each billable hour of staff time has a budgeted price of $130 and a budgeted variable cost of $80. For the most recent year, the partnership budget called for 8,400 billable partner-hours and 33,700 staff-hours. Actual results were as follows:

EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $580 budgeted price and $290 budgeted variable cost. Each billable hour of staff time has a budgeted price of $130 and a budgeted variable cost of $80. For the most recent year, the partnership budget called for 8,400 billable partner-hours and 33,700 staff-hours. Actual results were as follows:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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