2. 800 oints Exercise 15-4 Classifying variances as favorable or unfavorable LO
ID: 2587199 • Letter: 2
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2. 800 oints Exercise 15-4 Classifying variances as favorable or unfavorable LO 15-3 Required Indicate whether each of the following variances 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 variance).) Sales volume 42,700 units 40,700 units U S 3.70 per unit 367 per unit Sales price Materials cost Materials usage Labor cost Labor usage Fixed cost spending Fined cost per unit (volume) 3.60 per pound 3.70 perpound 90,700 pounds 91,700 pounds $ 10.30 per hour10.70 per hour 61,700 hours 62,500 hours S 397,000 S 407,000 - 321per unit 32per unit References eBook & Resources Worksheet Difticulty 2 Medium chamomile-40149..jpg chamomile-roman... images (3) jpg images (2).j Type here to searchExplanation / Answer
Sales volume 42700 40700 U (Actual Unit Sold - Budgeted Unit Sales) x Standard Profit Per Unit Sales price $3.70 $3.67 U (Actual Price – Standard Price) × Actual Sales Units Material cost $3.70 $3.60 F (Actual Quantity x Actual Price)-(Actual Quantity x Standard Price) Material usage 90700 91700 U (Actual Quantity x Actual Price)-(Standard Quantity x Standard Price) Labor cost _ $10.30 $10.70 U Actual Quantity x Actual Rate - Actual Quantity x Standard Rate Labor usage 62500 61700 F Actual Hours x Standard Rate - Standard Hours x Standard Rate Fixed cost spending 397000 407000 U Actual Fixed Overheads - Budgeted Fixed Overheads Fixed cost-per unit(volume) 3.23 3.27 U
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