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Complete the following cost variance report for July. Springsteen Company investigates all variances greater than $ 5 , 0 0 0 or 5 % .

Complete the following cost variance report for July. Springsteen Company investigates all variances greater than $

5, 000

5 % .

(

Use Exhibit

10 - 5 .) (

Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter

" 0 "

for

no effect

(

.

.,

zero variance

) .

Round "Percentage of Standard Cost" to

2

decimal places.

)

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