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How are favorable variances

How are favorable variances 



1.How are unfavorable variances recorded? How are favorable variances recorded?
2.Abrams, Inc., provides the following results of March's

Direct materials price variance…………	$ 400F
Direct materials quantity variance………	2,000U
Direct labor rate variance…………	100U
Direct labor efficiency variance………	1,200F
Variable overhead spending variance……	400U
Variable overhead efficiency variance…….	800F
Fixed overhead spending variance………	100U
Fixed overhead volume variance…………	600F

operations:
Required:(a) Determine the total overhead cost variance for March.
(b) Applying the management by exception approach, which of the variances shown are of greatest
concern? Why?



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12 Apr 2016

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    How are favorable variances

    How are favorable variances How are favorable variances How are fav ****** ******
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