During January Dixon produced 720 units of output 30 units fewer than expected Direct materials purchased and used were 31000 kilograms at a total cost of 251720 Direct labour used was 4800 hours at 2850 per hour Variable overhead cost was 42700 Actual fixed overhead cost was 38000 Fixed overhead cost is applied using direct labourhours The normal volume is the same as the planned volume for January

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Direct Material Price Variance is the difference between actual price paid for purchased materials a... View the full answer