Required Indicate whether each of the following variances is

Required Indicate whether each of the following variances is favorable (F) or unfavorable (U). The first one has been done as an example. (Select \"None\" if there is no effect (i.e., zero variance).) Item to Classify Type of Variance Standard 40,700 units $ 3.67 per unit Actual 42,700 units $ 3.70 per unit Sales volume Sales price Materials cost Materials usage Labor cost Labor usa Fixed cost spending Fixed cost per unit (volme S 3.60 per pound3.70 per pound 91,700 pounds 90,700 pounds S 10.70 per hour 10.30 per hour 61,700 hours $ 407,000 62,500 hours $ 397,000 de 3.27 per unitS3.23 per unit

Solution

Item to Classify                                    Type Of Variance

Sales Volume                                           favorable (F)

Sales Price                                                 favorable (F)

Materials Cost                                            unfavorable (U)

Materials Usage                                         favorable (F)

Labour Cost                                               favorable (F)

Labour Usage                                            unfavorable (U)

Fixed Cost Spending                                 favorable (F)

Fixed Cost per unit (Volume)                     favorable (F)