Please explain: What does... 1) Favorable Total Volume Variance in terms of net income? 2) Favorable...

Please explain: What does...

1) Favorable Total Volume Variance in terms of net income?

2) Favorable Sales Price Variance mean?

3) Unfavorable Direct Materials Efficiency Variance mean?

4) Favorable Direct Material Price Variance mean?

5) Unfavorable Direct Labor Rate Variance mean?

6) Favorable Variable Manufacturing Overhead Efficiency Variance mean?

7) Unfavorable Variable Manufacturing Overhead Spending Variance mean?

8) Unfavorable Variable Selling Spending Variance mean?

9) Favorable Fixed Manufacturing Overhead Spending Variance men?

10) Unfavorable Fixed Selling Spending Variance mean?

11) Fixed Administrative Spending Variance mean?

Thank you!

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Expert Solution

ekkarill92 answered 1 year ago

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