Question: Please help solve. Thank you much. Name SID# PROBLEM 1 The following data pertain to the first week of operations during June: Materials: Actual purchases..

Please help solve. Thank you much. Name SID# PROBLEM 1 The

Please help solve.

Thank you much.

Name SID# PROBLEM 1 The following data pertain to the first week of operations during June: Materials: Actual purchases.. Actual usage. Standard usage. Direct labor: Actual hours... Standard hours. 1,500 units at $3.80 per unit 1,350 units 1,020 units at $4.00 per unit 310 hours at $12.10 per hour 340 hours at $12.00 per hour Required: Compute the following variances, indicating whether the variances are favorable or unfavorable (1) Materials purchase price variance, price usage variance, and quantity variance. (2) Labor rate and efficiency variances

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