Exercise XXXXXXXXXXAlgo) Sales Price and Activity Variances (LO 17-5) EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $600 budgeted price...


Exercise 17-36 (Algo) Sales Price and Activity Variances (LO 17-5)



EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner time has a $600 budgeted price and $300 budgeted variable cost. Each billable hour of staff time has a budgeted price of $130 and a budgeted variable cost of $60. For the most recent year, the partnership budget called for 8,200 billable partner-hours and 32,750 staff-hours. Actual results were as follows.

































Partner revenue$4,580,0007,800hours
Staff revenue$4,185,00032,000hours



Required:



a.
Compute the sales price variance.



b.
Compute the total sales activity variance.



c.
Compute the total sales mix variance.



d.
Compute the total sales quantity variance.



(For all requirements, do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select e




Jun 09, 2022
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