Potted Plants, a manufacturer of indoor gardening equipment, has presented the following budgetary and actual information...
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Potted Plants, a manufacturer of indoor gardening equipment, has presented the following budgetary and actual information about their latest product innovation, the Total Home Control system. It's a complete package that allows aspiring gardeners in northern climates to grow small vegetable gardens in basements on a year round basis. Planning Budget Actual Results Quantity 1,706 1,935 Sales $180,477 $173,563 Materials - Variable 26,364 23,003 Labor-Variable 37,410 32,837 Labor-Fixed 28,023 26,395 Overhead Variable 19,649 18,390 Overhead - Fixed 9,653 8.945 Delivery-Variable 10,028 9,386 Rent - Fixed 2,104 2,104 Depreciation - Fixed $6,454 $6,454 What is the activity variance for variable labor for the period? An unfavorable variance should be entered as a negative number while a favorable variance should be entered as a positive. Your answer should be to the nearest whole dollar. Potted Plants, a manufacturer of indoor gardening equipment, has presented the following budgetary and actual information about their latest product innovation, the Total Home Control system. It's a complete package that allows aspiring gardeners in northern climates to grow small vegetable gardens in basements on a year round basis. Planning Budget Actual Results Quantity 1,706 1,935 Sales $180,477 $173,563 Materials - Variable 26,364 23,003 Labor-Variable 37,410 32,837 Labor-Fixed 28,023 26,395 Overhead Variable 19,649 18,390 Overhead - Fixed 9,653 8.945 Delivery-Variable 10,028 9,386 Rent - Fixed 2,104 2,104 Depreciation - Fixed $6,454 $6,454 What is the activity variance for variable labor for the period? An unfavorable variance should be entered as a negative number while a favorable variance should be entered as a positive. Your answer should be to the nearest whole dollar.
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Answer rating: 100% (QA)
Labor Variance Standard Cost for Actual Production Budget CostBudgeted Quantity Actual Quantity 3741... View the full answer
Related Book For
Introduction to Corporate Finance
ISBN: 9781118300763
3rd edition
Authors: Laurence Booth, Sean Cleary
Posted Date:
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