For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Direct Labor RateDirect Labor Efficiency Direct Labor SpendingCaseVarianceVarianceVarianceA1,600 U$2,900 FB $1,150 F1,800 U1,850 F2$3,500 F1,350 U4,200 U1,950 F2,800 U1,500 U2,000 U%24%24%24%24ш

Direct labor: Direct labor includes the wages of the employees who are directly involved in…

Direct Labor Rate Direct Labor Efficiency Direct Labor Spending Case Variance Variance Variance A 1,600 U $ 2,900 F B $ 1,150 F 1,800 U 1,850 F 2$ 3,500 F 1,350 U 4,200 U 1,950 F 2,800 U 1,500 U 2,000 U %24 %24 %24 %24 ш

Direct Labor Rate Direct Labor Efficiency Direct Labor Spending Case Variance Variance Variance A 1,600 U $ 2,900 F B $ 1,150 F 1,800 U 1,850 F 2$ 3,500 F 1,350 U 4,200 U 1,950 F 2,800 U 1,500 U 2,000 U %24 %24 %24 %24 ш

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

For each of the following independent cases, fill in the missing amounts in the table: (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).

Direct Labor Rate
Direct Labor Efficiency Direct Labor Spending
Case
Variance
Variance
Variance
A
1,600 U
$
2,900 F
B $
1,150 F
1,800 U
1,850 F
2$
3,500 F
1,350 U
4,200 U
1,950 F
2,800 U
1,500 U
2,000 U
%24
%24
%24
%24
ш

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