Classifying variances as favorable or unfavorable Required Indicate whether each of the following variances is favorable (F)
Question:
Classifying variances as favorable or unfavorable
Required
Indicate whether each of the following variances is favorable (F) or unfavorable (U). The first one has been done as an example.
Transcribed Image Text:
Item to Classify Sales volume Sales price Materials cost Materials usage Labor cost Labor usage Standard Actual Type of Variance 38,000 units $6.90 per unit $2.10 per pound 102,400 pounds $8.25 per hour 56,980 hours Unfavorable 36,750 units S6.78 per unit $2.30 per pound 103,700 pounds S8.80 per hour 55,790 hours $249,000 $244,000 Fixed cost per unit (volume) $3.22 per unit $2.51 per unit
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
Item to Classify Standard Actual Type of Variance Sale volume 38000 units 36750 units Unfavo...View the full answer
Answered By
Antony Mutonga
I am a professional educator and writer with exceptional skills in assisting bloggers and other specializations that necessitate a fantastic writer. One of the most significant parts of being the best is that I have provided excellent service to a large number of clients. With my exceptional abilities, I have amassed a large number of references, allowing me to continue working as a respected and admired writer. As a skilled content writer, I am also a reputable IT writer with the necessary talents to turn papers into exceptional results.
4.50+
2+ Reviews
10+ Question Solved
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Question Posted:
Students also viewed these Managerial Accounting questions
-
Each of the following compounds is characterized by a 1H NMR spectrum that consists of only a single peak having the chemical shift indicated. Identify each compound. (a) C8H18; 0.9 ppm (f) C2H3Cl3;...
-
Each of the following compounds is characterized by a 1H NMR spectrum that consists of two peaks, both singlets, having the chemical shifts indicated. Identify each compound. (a) C6H8; 2.7 ppm (4H)...
-
Each of the following events/amounts is independent of all others. 1. Decrease in inventory. 2. Loss on sale of an asset. 3. Amortization of a patent 4. Increase in wages payable. 5. Increase in...
-
Suppose there are two identical forest plots except that one will be harvested and left as is while the second will be cleared after the harvest and turned into a housing development. In terms of...
-
At the end of its first year, the trial balance of Zovde Company OAO shows Equipment 32,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year...
-
From the commutators of L z with x, y, and z (Equation 4.122): obtain the selection rule for m and Equation 11.76. Sandwich each commutator between (n' 'm'| and |n m). [L, x]=ihy. [Ly] =-ihx, [L, 2]...
-
Describe how the five forces model can show the likely effects of IS on strategy.
-
Prepare the 2015 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $190,500...
-
Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $ 3 , 8 0 0 , terms 2 / 1 0 , n / 3 0 . May 3 Pays cash for freight costs of $ 2...
-
Personal Trainer, Inc., owns and operates fitness centers in a dozen Midwestern cities. The centers have done well, and the company is planning an international expansion by opening a new supercenter...
-
Analyzing not-for-profit entity variances The Midwest Management Association held its annual public relations luncheon in April 2012. Based on the previous year's results, the organization allocated...
-
Recognizing favorable vs. unfavorable variances Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U). Budget Actual For U Variance Item...
-
Montana Company experienced the following events during 2012. 1. Acquired $30,000 cash from the issue of common stock. 2. Paid $12,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided...
-
HOW DO WE CONNECT SAILORS TO THEIR PAST IN ORDER TO TEACH VALUES, HENCE ENHANCING PRIDE IN SERVICE TO OUR COUNTRY?
-
Making this substitution using 12 sin(x) cos(x) dx gives us 12 sin(x) (1-sin(x)) cos(x) dx = 12 sin(x) cos(x) dx-
-
For MNEs In light of the pandemic, do you agree that globalisation is in retreat? Why?
-
How do emergent states such as cohesion, potency, and mental models influence team effectiveness and performance in complex and dynamic environments ?
-
2. How do you feel about the progress IKEA Group has made in implementing this plan? I'm looking for analysis for 2-3 pages with a minimum of 3-4 references for this case. Case study: Sustainability...
-
Explain the steps involved in menu planning and menu design. (pp. 131-147)
-
A 2500-lbm car moving at 15 mi/h is accelerated at a constant rate of 15 ft/s 2 up to a speed of 50 mi/h. Calculate force and total time required?
-
Balance sheet is like corporate bikini, which conceal more than what it reveals. Do you agree? Explain.
-
What is a master budget? An operating budget? A financial budget?
-
Explain the role of a sales forecast in budgeting. What is the difference between a sales fore-cast and a sales budget?
-
All budgets depend on the sales budget. Is this true? Explain.
-
How do warehouses and distribution centers differ? What is cross-docking and why might a company choose to cross-dock a product? What kinds of products can be delivered electronically? What kinds...
-
Strawberry Inc. has historically been an all-equity firm. The analyst expects EBIT to be $1.5B in perpetuity starting one year from now. The cost of equity for the company is 11.5% and the tax rate...
-
Guzman company received a 60- day, 5 % note for 54,000 dated July 12 from a customer on account. Determine the due date on note. Determine the maturity value of the note and journalize the entry of...
Study smarter with the SolutionInn App