The Wamco factory production variance report for the month of July XX is as follows:

Units produced budget	16,000
Units produced actual	15,000
Budgeted labour hours	12,000
Actual labour hours	12,500
Materials used per kilo budget	1,000
Materials used per kilo actual	2,000

Report the variances for July XX in both amounts and percentages. Indicate whether the variances are favourable or unfavourable.

Answer rating: 100% (QA)

Wamco Factory Production Variance Report July XX Category Budget Actual Variance Amount Variance Fav... View the full answer