Calculate the following variances and indicate whether each variance is favorable or unfavorable: 1. Volume Variance 2.
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Question:
Calculate the following variances and indicate whether each variance is favorable or unfavorable:
1. Volume Variance
2. Total Variance
Transcribed Image Text:
Expected Treatments= 1,000 Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000 Quantity Quantity. Variable Average Fixed Cost Total Cost Average Resource Unit Cost Variable Fixed Cost Labor 0.80 0.80 $16.00 $12.80 $12.80 $25.60 Supplies 7.00 1.10 7.70 7.70 $20.50 $12.80 $33.30 Actual Month Cost Lab Treatment SU #12 Actual Treatments = 1,100 Home Health Agency Costs Resource Quantity Used Unit Cost Total Cost Labor 1,600 $17.00 $27,200 Supplies 7,500 1.00 7,500 $34,700 Calculate the following variances and indicate whether each variance is favorable or unfavorable: Expected Treatments= 1,000 Standard Cost Profile Lab Treatment SU #12 Expected Treatments= 1,000 Quantity Quantity. Variable Average Fixed Cost Total Cost Average Resource Unit Cost Variable Fixed Cost Labor 0.80 0.80 $16.00 $12.80 $12.80 $25.60 Supplies 7.00 1.10 7.70 7.70 $20.50 $12.80 $33.30 Actual Month Cost Lab Treatment SU #12 Actual Treatments = 1,100 Home Health Agency Costs Resource Quantity Used Unit Cost Total Cost Labor 1,600 $17.00 $27,200 Supplies 7,500 1.00 7,500 $34,700 Calculate the following variances and indicate whether each variance is favorable or unfavorable:
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Item to classify Standard Actual Type of variance Sales Volume 40900 units 4290... View the full answer
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