Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable(U). tem
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tem Budget Actual Variance For U $780 $720,000 $780,000 $385,000 $360,000 $280,000 S180,000 $178,000 950 units 900 units $60,000 $58,700 $96,000 $97,000 $25,000 $40,000 Sales price Sales revenue $800 Material purchases at 5,000 pounds Materials usage Production volume Wages at 4,000 hours Labor usage at $16 per hour Research and development expense Selling and administrative expenses $275,000 $22,000 $49,000
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Item Budget Actual Variance F or U Sales price 800 780 20 U Sales revenue 720000 780000 60000 ...View the full answer
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Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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