In early 2012, Duncan Manufacturing Inc. had budgeted for the production and sale of 20,000 units at a sales price of $25 per unit. The following information is available regarding the standard cost for each unit:
Actual results for 2012 were determined to be as follows:
Required: Compute each of the following variances. Indicate whether the variance is favorable (F) or unfavorable (U).

Question

In early 2012, Duncan Manufacturing Inc. had budgeted for the production and sale of 20,000 units at a sales price of $25 per unit. The following information is available regarding the standard cost for each unit:
  Actual results for 2012 were determined to be as follows:
  Required: Compute each of the following variances. Indicate whether the variance is favorable (F) or unfavorable (U).

Quizplus · Accepted Answer

The Answer of In early 2012, Duncan Manufacturing Inc. had budgeted for the production and sale of 20,000 units at a sales price of $25 per unit. The following information is available regarding the standard cost for each unit:
  Actual results for 2012 were determined to be as follows:
  Required: Compute each of the following variances. Indicate whether the variance is favorable (F) or unfavorable (U).

In Early 2012, Duncan Manufacturing Inc