31 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. (Select "None" if there is no effect (i.e., zero variance).)

STANDARD ACTUAL TYPE OF VARIANCE (F) (U) or (None)

Sales volume 40,700 42,700 _______________

Sales price $3.67 per unit $3.70 per unit ______________

Material cost $3.60 per pound $3.70 per pound ______________

Material usage 91,700 pounds 90,700 pounds ______________

Labor cost $10.70 per hour $10.30 per hour _____________

Labor usage 61,700 hours 62,500 hours _____________

Fixed cost spending $407,000 $397,000 _____________

Fixed cost-per unit(volume) 3.27 per unit 3.23 per unit _____________