Direct Materials, Direct Lobor, ond Factory Overhead Cost Variance Analysis Santiago Inc processes a base...
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Direct Materials, Direct Lobor, ond Factory Overhead Cost Variance Analysis Santiago Inc processes a base chemical into plastic. Standard costs and actual costs for direct materials, direct labor, and foctory overhead incurred for the manufacture of 74,000 units of product were as foliows: Required: a. Determine the direct materials price variance, direct materials quantify variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a manus sign and an unfavorable variance as a postive number. b. Determirie the direct labor rate variance, direct labor time variance, and total direct labor cost variance, Enter a fovorable vanance as a negative number using a minus sign and an unfavorable variance as a positive number. c. Determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number
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