Acc202 Survey of Accounting: E15-1 Indicate whether each of the following variances is favorable

Acc202 Survey of Accounting E15-1 Classifying variances as favorable or unfavorable Indicate whether each of the following variances is favorable or unfavorable. The first one has been done as an example. Item to Classify Standard Actual Type Labor cost $10.00 per hour $9.60 per hour Favorable Labor usage 61,000 hours 61,800 hours Fixed cost spending $400,000 $390,000 Fixed cost per unit (volume) $3.20 per unit $3.16 per unit Sales volume 40,000 units 42,000 units Sales price $3.60 per unit $3.63 per unit Materials cost $2.90 per pound $3.00 per pound Materials usage 91,000 pounds 90,000 pounds
sellfy