may operations, during which 2000 finished units of product were produced. Normal monthly capacity is...
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may operations, during which 2000 finished units of product were produced. Normal monthly capacity is 1100 direct labor hours. Determine the following Variances: Do not use negative signs with any of your answers. next to each variance select with Favorable or Unfavorable.
Standard Units Costs Total Actual Costs Direct material Standard (3 lb. @ $8.00/lb.) Actual (6,400 lb. @ $8.10/1b.) $24 $51,840 Direct labor $10 18,620 Standard (0.5 hr. @ $20/hr.) Actual (950 hrs. @ $19.60/hr.) Variable overhead Standard (0.5 hr. @ $10/hr.) Actual $5 10,300 $80,760 Total $39 Do not use negative signs with any of your answers. Next to each Materials Variances Actual cost: $ 0 0 0 Split cost: Standard cost: $ Materials price $ Materials efficiency $ 0 0 Labor Variances 0 0 Actual cost: $ Split cost: $ Standard cost: $ Labor rate $ Labor efficiency $ 0 0 . 0 O Variable Overhead Variances Actual cost: $ 0 Split cost: $ Standard cost: $ 0 Variable overhead spending $ Variable overhead efficiency $ OO . Check
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