Hi I am looking at G.G toys HBR case and struggling with the varaince analysis...

here is what I have, I am right to say that spending variance is unfavorable?

	Actual	Budgeted
Number of units	24000	24900
Revenue	786000	765000
	Actual Price = 786 000/24 000	Budgeted = 765 000/24 900
	$ 32.75	$ 30.72
Variance Analysis
Actual Quantity at Actual Price	Actual Quantity at Standard Price	Standard Quantity at Standard Price
AQ x AP	AQ x SP	SQ x SP
24000x32.75	24000x30.72	24900x30.72
$ 786,000.00	$ 737,280.00	$ 764,928.00
Price variance, U		Quantity variance, F
$ 48,720.00		$ 27,648.00
	Spending variance, U
	$ 21,072.00