Canine Grooming Inc . MILESTONE 3 - Variance Analysis INSTRUCTIONS :" Prepare the variances and identify whether they are favorable or unfavorable . The below website will provide further assistance with variances :" http : / / accounting - simplified . com / management / variance - analysis / material / price . html* DATA FOR VARIANCE ANALYSIS :` Standard Standard Actual Actual Hours / Qty Rate Hours !' QLy Rate Grooming Labor 150 12.00 180 $ 11.50 Grooming Materials 1 , 000\\ 2.00 1 , 200 $ 3.00 Favorable!" Variance* Unfavorable* Groomer Direct Labor Time Variance* ( Actual Hours - Standard Hours ) * Standard Rate $ Groomer Direct Labor Time Variance* ( Actual Rate - Standard Rate )* Actual Hours $ Groomer Direct Labor Time Variance* ( Actual Quantity - Standard Quantity ) * Standard Price $ Groomer Direct Labor Time Variance* ( Actual Price - Standard Price ) * Actual Quantity $