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
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