Cookie Business shows the following information Actual Cost of Direct Materials Standard Cost of Direct Materials Actual

Cookie Business shows the following information 
 

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Actual Cost of Direct Materials Standard Cost of Direct Materials Actual Materials Used Standard Materials Used Actual Direct Labor Rate Standard Labor Rate Actual Hours Worked Standard Hours Worked Cookie Business Calculate Materials Variances: Materials Price Variance Materials Quantity Variance Calculate Labor Variances: Labor Rate Variance Labor Efficiency Variance $ $ $ $ Amount 225,000 224,800 30 31 15.50 15.00 45 40 Favorable/ Unfavorable Actual Cost of Direct Materials Standard Cost of Direct Materials Actual Materials Used Standard Materials Used Actual Direct Labor Rate Standard Labor Rate Actual Hours Worked Standard Hours Worked Cookie Business Calculate Materials Variances: Materials Price Variance Materials Quantity Variance Calculate Labor Variances: Labor Rate Variance Labor Efficiency Variance $ $ $ $ Amount 225,000 224,800 30 31 15.50 15.00 45 40 Favorable/ Unfavorable

Answer rating: 100% (QA)

Materials Price Variance Materials Price Variance ... View the full answer