Check my work 3 Exercise 15-5A (Algo) Determining amount and type (favorable vs. unfavorable) of variance LO 15-3 Requir

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Check My Work 3 Exercise 15 5a Algo Determining Amount And Type Favorable Vs Unfavorable Of Variance Lo 15 3 Requir 1 (30.5 KiB) Viewed 37 times

Check my work 3 Exercise 15-5A (Algo) Determining amount and type (favorable vs. unfavorable) of variance LO 15-3 Required Compute variances for the following items and indicate whether each variance is favorable (F) or unfavorable (U) (Select "None" if there is no effect (l.e., zero variance).) eBook For U Item Budget Variance Sales price $ Actual $ 662 $586.000 Sales revenue 531 612.000 $366,000 $ Cost of goods sold $ 394,000 Material purchases at 5,000 pounds $ 280,000 $ 281,000 Materials usage Production volume Wages at 4,000 hours Labor usage at $16 per hour Research and development expense Selling and administrative expenses 25 points 184,000 lbs $ 59,300 $ 98,200 $ 34,000 $ 46,000 930 units 189,000 lbs 1,010 units $ 61,200 $ 96,600 $ 25,000 8 58.000 lbs units