E15-1 Indicate whether each of the following variances is favorable or unfavorable. The first one has been done as an example.
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E15-2 Compute variances for the following items and indicate whether each variance is favorable (F) orunfavorable (U).
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E15-4 Use the information provided in Exercise 8-3A.
a. Determine the sales and variable cost volume variances.
b. Classify the variances as favorable (F) or unfavorable (U).
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E15-5 Use the standard price and cost data provided in Exercise 8-3A. Assume that the actual sales
price is $7.65 per unit and that the actual variable cost is $4.25 per unit. The actual fixed manufacturing
cost is $2,500, and the actual selling and administrative costs are $1,025.
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P15-18Todhunter Publications established the following standard price and costs for a hardcover picture book that the company produces.
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P15-19 Use the standard price and cost data supplied in Problem 8-18A. Assume that Todhunter actually produced and sold 31,000 books. The actual sales price and costs incurred follow.
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P15-20 Luke Chou, the president of Digitech Computer Services, needs your help. He wonders aboutthe potential effects on the firm s net income if he changes the service rate that the firm charges its customers. The following basic data pertain to fiscal year 2012.
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