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A partial planning budget for Latin Co. is shown below: h = 4,000 hours Sales ($30h) $120,000 Expenses: Cost of Goods Sold ($15h) ($60,000) Rent
A partial planning budget for Latin Co. is shown below: h = 4,000 hours Sales ($30h) $120,000 Expenses: Cost of Goods Sold ($15h) ($60,000) Rent ($20,000) ($20,000) What is the activity variance for Cost of Goods Sold if actual hours worked were 3.900 hours and total cost of Goods Sold was $61,000. A. $1,000 Favorable O B. $1,000 Unfavorable O C. $1,500 Favorable D. $1,500 Unfavorable
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