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Consider the following information regarding direct labour for a product: Actual units sold during the period were 56,000 units. With the given information, calculate the direct labour efficiency variance. Enter the number in the first box provided with no dollar signs, commas, or spaces. Round your answer to the nearest whole dollar. In the box labelled units, enter either F if the variance is favourable or U if the variance is unfavourable. For example, if you got the variance $20,104.3U you would enter 20104 in the first box and U in the second box. If you calculated $20,104.3F, then you would enter 20104 in the first box and F in the second box. Your Answer: Answer units Steinway Limited had the following actual and planned information for the year 2021: The planned weighted average contribution margin per unit for Steinway was $110. What is the market size variance for Steinway Limited? Enter the number in the first box provided with no dollar signs, commas, or spaces. Round your answer to the nearest whole dollar. In the box labelled units, enter either F if the variance is favourable or U if the variance is unfavourable. For example, if you got the variance $20,000F you would enter 20000 in the first box and F in the second box. If you calculated $20,000U, then you would enter 20000 in the first box and U in the second box. Your Answer: Cambridge House Furniture (Business number BN\#315909301) has the following static budget for the two products it sells: The company actually sold 8,000 Chairs and 8,000 tables. What is the planning variance for contribution margin at a total company level for Cambridge House Furniture? Make sure to enter the number as it is calculated (as a positive or negative) AND put a capitalized F or U in the box labelled units to indicate if it is favourable or unfavourable. Also, do no include commas, decimal points, or spaces. For example, if you get the answer $20,000F, then enter 20000 in the first box and F in the box labelled units. If you got $20,000U you would enter 20000 in the first box and U in the box labelled units. Your Answer: Answer units

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