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10.22 Community College Copy Center
A. Static budget: Variable Costs | $7 per student 800 students | $ 5,600 | Fixed Costs | | 40,000 | Total Costs | | $45,600 |

B. Static budget variance:

| Static Budget | Actual | Variance | | Variable Costs | $ 5,600 | $ 3,650 | $1,950 | Favorable | Fixed Costs | 40,000 | 42,000 | 2,000 | Unfavorable | Total Costs | $45,600 | $45,650 | 50 | Unfavorable |

C. Flexible budget based on actual volume of students:

Variable Costs | $7 per student 730 students | $ 5,110 | Fixed Costs | | 40,000 | Total Costs | | $45,110 |

D. Flexible budget variance:

| Flexible Budget | Actual | Variance | | Variable Costs | $ 5,110 | $ 3,650 | $1,460 | Favorable | Fixed Costs | 40,000 | 42,000 | 2,000 | Unfavorable | Total Costs | $45,110 | $45,650 | 540 | Unfavorable |

E. Because flexible budgets reflect more accurately the variable costs, the quality of variance information is higher. When actual volume is less than the static budget volume, static budget variable costs are overestimated. When actual volumes are greater than static budget volume, static budget variable costs are underestimated. For the copy center, the static budget was 800 and actual student use was 730. Accordingly, the static budget variance is higher than it should be.

The quality of variance information for fixed costs is the same for the two types of budgets because fixed costs are not expected to change based on volume.

| Static Budget Variance | Flexible Budget Variance | Variable Costs | $1,950 | $1,460 | Fixed Costs | $2,000 | $2,000 |

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11.16 Sisyphus Company
Labor price variance = (Standard price – Actual price) Actual labor hours
= ($1,900/950 – $1,850/920) 920 = ($2 -

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