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. Ite'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 1,795 1,770 Sales $193,329 $168,838 Materials - Variable 24,588 26,076 Labor - Variable 35,261 35,389 Labor - Fixed 29,427 25,925 Overhead - Varlable 18,447 19,392 Overhead - Fixed 10,954 8,924 Delivery - Variable 9,973 9,231 Rent- Fixed 2,018 2,018 Depreciation - Fixed $6,292 $6,292 What is the spending variance for variable labor for the perlod? 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. Ite'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 1,795 1,770 Sales $193,329 $168,838 Materials - Variable 24,588 26,076 Labor - Variable 35,261 35,389 Labor - Fixed 29,427 25,925 Overhead - Varlable 18,447 19,392 Overhead - Fixed 10,954 8,924 Delivery - Variable 9,973 9,231 Rent- Fixed 2,018 2,018 Depreciation - Fixed $6,292 $6,292 What is the spending variance for variable labor for the perlod? 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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Related Book For
Introduction to Corporate Finance
ISBN: 9781118300763
3rd edition
Authors: Laurence Booth, Sean Cleary
Posted Date:
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