Specialty Polymers, Inc., processes a base chemical into plastic. Standard costs and actual costs for direct materials,
Question:
Each unit requires 0.2 hour of direct labor.
Determine
(a) The price variance, quantity variance, and total direct materials cost variance;
(b) The rate variance, time variance, and total direct labor cost variance;
(c) Variable factory overhead controllable variance, the fixed factory overhead volume variance, and total factory overhead cost variance.
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Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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