Determine the amount of the variances for the above costs

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Reference no: EM13572722

Sweeney Company's 2014 responsibility accounting report includes the following:

Per Unit Variable Costs:	Standard	Actual
Materials Cost	$22.00	$21.80
Customer Delivery Cost	1.90	1.95
Inspection Cost	1.20	1.16
Sales Commissions	4.00	4.20

Fixed Costs:
Manufacturing	$720,000	$708,000
Advertising	107,000	120,000
Financial Statement Software Costs	15,600	18,000
Product Liability Cost	45,400	17,900

Actual volume of production and sales was 90,000 units.

Required

a.Determine the amount of the variances for the above costs and indicate whether each variance is favorable or unfavorable.

b.Speculate as to the management position that would be held responsible for (able to explain) each variance.

Reference no: EM13572722

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