12 6.66 points EZTax is a tax accounting practice with partners and staff members. Each billable...
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12 6.66 points EZTax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $590 budgeted price and $290 budgeted variable cost. Each billable hour of staff time has a budgeted price of $140 and a budgeted variable cost of $80. For the most recent year, the partnership budget called for 8,100 billable partnerhours and 36,700 staffhours. Actual results were as follows. eBook Partner revenue Staff revenue $4,374,000 $5,065,000 7,600 hours 36,000 hours Print References Required: a. Compute the sales price variance. b. Compute the total sales activity variance. c. Compute the total sales mix variance. d. Compute the total sales quantity variance. (For all requirements, do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar) a. Partner Staff b. Sales activity variance c. Sales mix variance d. Sales quantity variance 12 6.66 points EZTax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $590 budgeted price and $290 budgeted variable cost. Each billable hour of staff time has a budgeted price of $140 and a budgeted variable cost of $80. For the most recent year, the partnership budget called for 8,100 billable partnerhours and 36,700 staffhours. Actual results were as follows. eBook Partner revenue Staff revenue $4,374,000 $5,065,000 7,600 hours 36,000 hours Print References Required: a. Compute the sales price variance. b. Compute the total sales activity variance. c. Compute the total sales mix variance. d. Compute the total sales quantity variance. (For all requirements, do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option. Enter your answers rounded to the nearest whole dollar) a. Partner Staff b. Sales activity variance c. Sales mix variance d. Sales quantity variance
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