80.2K

Verified Solution

Link Copied!

1) the following variances are reported for a blood bank. If two variances are chosen for investigation, which of the following variances should be investigated?

2) The following report is given for a factory. the company had a plan to make 500 units of Product K for $1,200. However, the factory actually made 600 units of K and incurred $1,400. Refer to the information given below.

Remaining Time! 1 hour, 30 minutes, 51 seconds. Question Completion Status: The following variances are reported for a blood bank. If two variances are chosen for investigation Actual Budget Variance 1. Medical Supplies $1,150 $1,200 $50 Favorable II. Blood Tests 800 1,500 700 Favorable IIL Administration 2,710 2,500 210 Unfavorable IV. Equipment 490 300 190 Unfavorable A. I and II B. Il and I C. I and IV D. III and IV QUESTION 17 Cost Actual The following report is given for a factory. The company had a plan to make 500 units of Product K for $1 $1,400. Refer to the information given below. Budget 400 units 500 units Prime (Variable) Overhead (Fixed) Total Cost How much is the variance for all costs together? $1,650 A $200. Favorable B. 550, Favorable $800 $700 $1,500 $1,100 $650 C. $0 D. $150, Unfavorable hick Save and Submit to save and submit. Click Save All Answers to save all answers

Answer & Explanation Solved by verified expert

See Answer