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Required information Annle's Homemade is preparing a planning budget for August. Its budgeted revenue per serving is $5.00. It has identlfied two cost drivers-number of
Required information Annle's Homemade is preparing a planning budget for August. Its budgeted revenue per serving is $5.00. It has identlfied two cost drivers-number of servings and number of labor-hours. The company expects to sell 10,800 servings and to staff 700 employee labor-hours In August. Data concerning the company's cost formulas are shown below: In August, the company actually sold 11,200 servings of Ice cream and staffed 780 employee labor-hours. It's budgeted revenue per serving is $5.00. Assume Annle"s Homemade's actual results for August were as follows: Required: Calculate the revenue and spending varlances for August. Note: Indicate the effect of each varlance by selecting " F " for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values
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