The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance if 5,500 units were produced for an actual total of $61,000. PLEASE NOTE: Question 1: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). Question 2: Your answer is either "Favorable" or "Unfavorable" - no quotation marks. Total variance = ? Favorable or unfavorable?
The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance if 5,500 units were produced for an actual total of $61,000. PLEASE NOTE: Question 1: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345). Question 2: Your answer is either "Favorable" or "Unfavorable" - no quotation marks. Total variance = ? Favorable or unfavorable?
Chapter7: Budgeting
Section: Chapter Questions
Problem 17EA: The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per...
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8. The production cost for a waterproof phone case is $7 per unit and fixed costs are $23,000 per month. How much is the favorable or unfavorable variance if 5,500 units were produced for an actual total of $61,000.
PLEASE NOTE:
Question 1: All dollar amounts will be rounded to whole dollars with "$" and commas as needed (i.e. $12,345).
Question 2: Your answer is either "Favorable" or "Unfavorable" - no quotation marks.
Total variance = ?
Favorable or unfavorable?
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