A company shows the following for one month complete the schedule by computing t

Question

A company shows the following for one month

complete the schedule by computing the variances between actual and budget and indicating whether the variances are favorable or unfavorable.

QUESTION 3 A company shows the following information for one month Actual Budget Variance Favorable/Unfavorable? $200,000 125,000 $215,000 140,000 45,000 5,000 Sales Employee Costs Product Costs Rent Utilities Insurance Total Costs Net Income 5,000 1,500 500 191,900 $23,100 182,000 $18,000 Complete the schedule by computing the variances between actual and budget and indicating whether the variances are favorable or unfavorable. Copy and paste your answer in the space provided. 3(12pti ?-·-·TI.,,. ? T T T ? Paragraph ? Arial HTHL C55 Words:0 Path: p 2 points Save Answer

Explanation / Answer

actual budget variance (actual- budget) favourable/unfavourable? sales 215000 200000 15000 favourable employee cost 140000 125000 15000 unfavourable product cost 45000 50000 -5000 favourable rent 5000 5000 0 neutral utilities 1400 1500 -100 favourable insurance 500 500 0 neutral total cost 191900 182000 9900 unfavourable net income 23100 18000 5100 favourable

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