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Q1) Ranger Company produces men's ties. Budgeted and actual costs for March given below:


Budget at 2,500 units

Actual at 2,900 units

Direct materials



Direct labor



Fixed overhead



Considering increased sales, which cost or costs have a favourable variance?

i) None. All variances are unfavorable.

ii) All of the variances are favorable.

iii) Direct materials only

iv) Direct labor only

v) Fixed overhead only

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M916746

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