Question: I want to know how to get the answer. Standards Actual Results Production in Units Materials Used (in pounds) Material Cost (Per pound) Labor Hours

I want to know how to get the answer. Standards Actual

I want to know how to get the answer.

Standards Actual Results Production in Units Materials Used (in pounds) Material Cost (Per pound) Labor Hours (Per unit) Labor Rate (Per hour) Overhead Rate (Per labor hour) 6,000 20 $0.05 4 $15 $12.00 5000 19 $0.06 3.9 $15 $12.25 Please calculate the following variances Material variance Favorable or unfavorable? Price variances Quantity variances Labor variance Price variances Quantity variances Overhead variance Price variances Quantity variances

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