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What is the flexible budget or spending variance

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Reference no: EM132522031

A company expected to sell 20,000 units of its product during a month, but it actually sold 19,000 units. The company expected the cost of direct labor to be $30 per unit, but the actual cost of direct labor was $32 per unit.

Question a. What is the master (static) budget variance for direct labor and indicate if it is favorable or unfavorable.

Question b. What is the flexible budget (spending) variance for direct labor and indicate if it is favorable or unfavorable.

Question c. What is the sales volume (activity) variance for direct labor and indicate if it is favorable or unfavorable.

Reference no: EM132522031

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