Much of the time, tinnitus, or ringing in the ears, is caused by a treatable condition. Treating this underlying condition may help remove some or all of the ringing. Have your doctor remove earwax from your ear. Alternately, do it safely yourself.
1 Fiber Optic, Inc., investigates all variances above 10 percent of the flexible budget. 2  The flexible budget for direct materials is $50,000. 3  The direct materials price variance is $4,000 unfavorable and the direct materials quantity variance is $(6,000) favorable. Assuming a standard price of $5 per yard, prepare a journal entry to record the purchase of raw materials for the month. 2  The company used 39,000 yards of material in production for the month, and the flexible budget shows the company expected to use 40,800 yards.
A difference between an actual cost and a budgeted or standard cost, and the actual cost is the lesser amount. In the case of revenues, a favorable variance occurs when the actual revenues are greater than the budgeted or standard revenues.