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Your company had the following static budget: Revenue 346218 Materials 73479 Labor 97938 Overhead 79842 with an anticipated volume of 4011 units. Actual results for

Your company had the following static budget: Revenue 346218 Materials 73479 Labor 97938 Overhead 79842 with an anticipated volume of 4011 units. Actual results for the period were Revenue 347985 Materials 85990 Labor 104162 Overhead 90574 with an actual volume of 4550 units. Materials and labor are variable costs and overhead is a fixed cost.Provide the sales price variance (absolute value): Answer: Is the above variance favorable or unfavorable? Answer 2 for favorable and 1 for unfavorable. Answer:Now provide the labor variance (absolute value). Answer: Is the above variance favorable or unfavorable? Answer 2 for favorable and 1 for unfavorable

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