qulred sicate whether each of the following variances Is favorable (F) or unfavorable (U). The first one has been done ample. (Select "None" If there Is no effect (I.e., zero varlance).) Item to Classify Standard Actual Type of Variance ales volume 42,400 units 44,300 units F ales price 3.67 per unit 3.64 per unit aterials cost 3.40 per pound 3.30 per pound aterials usage 90,400 pounds 91,400 pounds abor cost 10.00 per hour 10.40 per hour abor usage 62,200 hours 61.400 hours xed cost spending $ 479,120 $ 465,150 xed cost per unit (volume) 11.30 per unit 10.50 per unit
qulred sicate whether each of the following variances Is favorable (F) or unfavorable (U). The first one has been done ample. (Select "None" If there Is no effect (I.e., zero varlance).) Item to Classify Standard Actual Type of Variance ales volume 42,400 units 44,300 units F ales price 3.67 per unit 3.64 per unit aterials cost 3.40 per pound 3.30 per pound aterials usage 90,400 pounds 91,400 pounds abor cost 10.00 per hour 10.40 per hour abor usage 62,200 hours 61.400 hours xed cost spending $ 479,120 $ 465,150 xed cost per unit (volume) 11.30 per unit 10.50 per unit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Required
Indicate whether each of the following varlances Is favorable (F) or unfavorable (U). The first one has been done as an
example. (Select "None" If there Is no effect (I.e., zero varlance).)
Item to Classify
Standard
Actual
Type of Variance
Sales volume
42,400 units
44,300 units
F
Sales price
3.67 per unit
3.64 per unit
Materials cost
3.40 per pound
3.30 per pound
Materials usage
90,400 pounds
91.400 pounds
Labor cost
10.00 per hour
10.40 per hour
Labor usage
62,200 hours
61,400 hours
Fixed cost spending
$ 479,120
$ 485,150
Fixed cost per unit (volume)
11.30 per unit
10.50 per unit
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