Question: How do you find DM Price Variance? Eunomics Inc. produces office chairs for users with particular physical needs. The company uses Standard costing and the

"Eunomics Inc. produces office chairs for users with particular physical needs. The

How do you find DM Price Variance?

"Eunomics Inc. produces office chairs for users with particular physical needs. The company uses Standard costing and the following are the standard Costs: Direct Materials: Direct Labor: Variable Overhead: Fixed Overhead: ual this ar Direct Materials: Direct Labor: Variable Overhead: Fixed Overhead: Complete the following: 10 pounds per chair, $5 per pound 5 direct labor hours. $8 per DLH 5 direct labor hours, $7 per DLH 5 direct labor hours, $12 per DLH 133,400 pounds, $700,350 79, 750 DLH, $622,050 $533,600 $915,000 1. 2. 3. 4. 5. 6. 7. DM price variance DM quantity variance DM cost variance DL rate variance DL efficiency variance DL cost variance Variable Overhead spending variance 8. Variable Overhead efficiency variances 9. Variable Overhead cost variance 10. Fixed Overhead budget variance II. Fixed Overhead volume variance 12. Fixed Overhead cost variance order to earn full credit, you must show all your work in a comprehensive manner, following le method used in class. Correct answers without work shown will receive zero points.

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