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EZ-Tax is a tax accounting practice with partners and staffmembers. Each billable hour of partner time has a $560 budgetedprice and $280 budgeted variable cost. Each billable hour of stafftime has a budgeted price of $140 and a budgeted variable cost of$80. For the most recent year, the partnership budget called for8,700 billable partner-hours and 35,600 staff-hours. Actual resultswere as follows:Partner revenue$4,538,0008,300hoursStaff revenue$4,930,00035,000hoursRequired:a. Compute the sales price variance.(Indicate the effect of each variance by selecting "F" forfavorable, or "U" for unfavorable. If there is no effect, do notselect either option.) PartnerStaffb. Compute the total sales activity variance.(Do not round intermediate calculations. Indicate theeffect of each variance by selecting "F" for favorable, or "U" forunfavorable. If there is no effect, do not select eitheroption.)c. Compute the total sales mix variance.(Do not round intermediate calculations. Indicate theeffect of each variance by selecting "F" for favorable, or "U" forunfavorable. If there is no effect, do not select eitheroption.)d. Compute the total sales quantity variance.(Do not round intermediate calculations. Indicate theeffect of each variance by selecting "F" for favorable, or "U" forunfavorable. If there is no effect, do not select eitheroption.)