ACCT 310-The following reported the budgeted
1. The following reported the budgeted and actual results based on sales of 100 units of product. Master Budget Actual ResultsDirect labor $900 $750Direct Materials $300 $550Overhead $400 $100The company’s total input quantity variance is????2. A bank may rewrite a covenant into a lending agreement that prohibits the borrower from taking actions that would??????3.One company reported the following for their most recent yearBeginning Assets=5000Beginning Liabilities=2500Revenue=8500Expense=8100Return on Equity is ?