Indicate whether each of the following variances is favorable or unfavorable. The first one has been done as anexample.
Answer to relevant QuestionsCompute variances for the following items and indicate whether each variance is favorable (F) or unfavorable(U).Catrina Krause is the manager of the Gordon Bagel Shop. The corporate office had budgeted her store to sell 3,000 ham sandwiches during the week beginning July 17. Each sandwich was expected to contain 6 ounces of ham. ...Lynch Company established a predetermined fixed overhead cost rate of $58 per unit of product. The company planned to make 7,000 units of product but actually produced only 6,500 units. Actual fixed overhead costs were ...Kalina’s Doll Company produces handmade dolls. The standard amount of time spent on each doll is 2.0 hours. The standard cost of labor is $10 per hour. The company planned to make 8,000 dolls during the year but actually ...Clifton Technologies Company’s 2014 master budget called for using 60,000 hours of labor to produce 180,000 units of software. The standard labor rate for the company’s employees is $40 per direct labor hour. Demand ...
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