Fill in the blanks with the variances and whether they are favorable or unfavorable. Format your answers with the number and capitalized F/U with no space in between (ex: 200.5F). Do not enter a dollar sign.  Enter 0 if there is no variance.   Actual Spending Variance Flexible Activity Variance Budgeted Units 285 0 285 35 250 Revenues 6,450   6,697.5   5,875 Direct Labor 2,700   2,707.5   2,375 Direct Materials 790   769.5   675 Manufacturing Overhead 1,060   1,197   1,050 S&A Expenses 171   171   150 Income 1,729   1,852.5   1,625

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.