Question: E 1 1 . 1 3 ( LO 2 . 3 ) , AP Wram Ceelo Company purchased ( at a cost of $ 1
ELO AP Wram Ceelo Company purchased at a cost of $ and used pounds of materials during May. Ceelo's standard cost of materials per unit produced is based on pounds per unit at a cost $ per pound. Production in May was units.
Instructions
a Compute the total, price, and quantity variances for materials.
b Assume Ceelo also had an unfavorable labor quantity variance. What is a possible scenario that would provide one cause for the variances computed in a and the unfavorable labor quantity variance?
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