Phillip, a single parent, would like to contribute $1,800 to an educational savings account for his 10-year-old son. His AGI is $98,000. Calculate the amount of the contribution he can make.
I have a favorable cost variance of $120,000.
I was provided the following information:
Procedures 100,000
Variable Cost 1,200,000
Fixed Cost 600,000
Total costs 1,800,000
Average cost per unit 18.
variable cost per unit 12.
Fixed cost per unit 6.
With the provided information, what calculation do I use to ensure the accuracy of the cost variance?