Total variance in variance analysis compares O Flexible budget and actual outcome Static budget and flexible budget Flexible budget and static outcome Static budget and actual outcome

Subject:

Parallel Enterprises has collected the following data on one of its products. During the period the company produced 25,000 units. The direct materials quantity variance is: Direct materials standard (7 Kilogram @ $2/Kilogram) Actual cost of materials purchased Actual direct materials purchased and used Multiple Choice $22.500 unfavorable $27.500 unfavorable $22,500 favorable $50,000 favorable $ 14 per finished unit $ 322,500 150,000 Kilogram

c. What is spending variance for wages and salaries? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). The amount of the spending variance for wages and salaries d. What is spending variance for total expenses? Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). The amount of the spending variance for total expenses

pls answer the questions

iv)  Labour rate variance v)  Labour efficiency variance vi)  Overhead variances (both) d.Comment on your calculations produced in c above.

Which one of the following best describes the direct material price variance? O a. The difference between the standard quantity of material used at the standard cost per unit and the actual quantity of material used at the standard direct material cost per unit O b. The difference between the budgeted material cost and direct material cost according to the unflexed budget O c. The difference between the actual direct material cost and direct material cost according to the flexed budget O d. The difference between the actual cost of the material used and the actual quantity of material used at the standard direct material cost per unit O e. The difference between the actual cost of the material used and the standard quantity of material used at the actual direct material cost per unit

Which of the following is a correct equation to calculate the fixed overhead production-volume variance?   a. budgeted fixed overhead costs − fixed overhead costs allocated for actual output   b. static budget amount − flexible budget amount   c. actual costs incurred − fixed overhead costs allocated for actual output   d. flexible budget amount − actual costs incurred

1.What is the labor rate variance ( indicate the effect of each variance by selecting "f" for favorable, U for unfavorable, and None for no effect and round your final answer to the nearest whole number)  2. What is the variable overhead efficiency variance ? ( indicate the effect of each variance by selecting "f" for favorable, U for unfavorable, and None for no effect and round your final answer to the nearest whole number)  3. what is the variable overhead rate variance?

b. Calculate the profit variance c. Calculate the total revenue variance.       d) Calculate the revenue volume variance.       e) Calculate the revenue price variance.       f) Calculate the total cost variance.