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

Cost	Budget at 2,500 units	Actual at 2,900 units
Direct materials	$55,000	$64,000
Direct labor	70,000	81,000
Fixed overhead	35,000	35,400

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M916746

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