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
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 5MC: This variance is the difference involving spending less, or using less than the standard amount. A....
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