Question: Milestone Three - Variance Analysis Data for Varlance Analysis: Budgeted Budgeted Actual Actual [Standard) [Standard) Hours/Qty Rate Hours/Qty Rate Labor 160 5 16.00 180 5

Milestone Three - Variance Analysis Data for Varlance Analysis: Budgeted Budgeted Actual Actual [Standard) [Standard) Hours/Qty Rate Hours/Qty Rate Labor 160 5 16.00 180 5 16.50 Materials 400 $ 9.10 460 5 10.00 Varlances for Collar Sales Favorable/ Varlance Unfavorable Direct Labor Time Varlance (Actual Hours - Standard Hours) x Standard Rate 320.00 Unfavorable Direct Labor Rate Varlance [Actual Rate - Standard Rate] x Actual Hours 90.00 Unfavorable Direct Materials Quantity/Efficiency Varlance [Actual Quantity - Standard Quantity) x Standard Price 546.00 Unfavorable Direct Materials Price Varlance [Actual Price - Standard Price) x Actual Quantity 414.00 Unfavorable

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