Required: a) if actual profit is less than budgeted, does it mean favorable (F)

Question

Required:

a) if actual profit is less than budgeted, does it mean favorable (F) or unfavorable (U) total profit variance?

b) if actual sales price is less than budgeted, does it mean favorable or unfavorable sales price variance?

c) if actual sales quantity is less than budgeted, does it mean favorable or unfavorable sales volume variance?

d) if input price is less than budgeted, does it mean favorable or unfavorable input price variance?

e) if input quantity per unit of product is less than budgeted, does it mean favorable or unfavorable input quantity (efficiency) variance?

Explanation / Answer

a. unfavorable b. favorable c. unfavorable d. favorable e. favorable All these are 100% correct please rate appreciated

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