Required Compute variances for the following items and indicate the effect of each variance by selecting favorable (F) o

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Required Compute Variances For The Following Items And Indicate The Effect Of Each Variance By Selecting Favorable F O 1 (53.19 KiB) Viewed 17 times

Required Compute variances for the following items and indicate the effect of each variance by selecting favorable (F) or unfavorable (U). (Select "None" if there is no effect (i.e., zero variance).) Variance Effect Actual 527 $ 604,000 $ 362,000 $ 283,000 Item Budget Sales price $ 654 Sales revenue $ 582,000 Cost of goods sold $ 388,000 Material purchases at 5,000 pounds $ 277,000 Materials usage $ 183,000 Production volume 970 units Wages at 4,000 hours $ 60,400 Labor usage at $16 per hour $ 96,200 Research and development $ 24,000 expense Selling and administrative expenses $ 52,000 $ 180,000 910 units units $ 58,900 $ 97,400 $ 28,000 $ 42,000