Question: Return to question Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and factory overhead for
Return to question Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows. Variances Standard Cost $ 82,000 Unfavorable Favorable $4,700 Direct materials Price variance Quantity variance Direct labor Rate variance Efficiency variance Manufacturing overhead Spending variance Volume variance 182,000 $3,000 2,700 6,200 258,000 3,500 5,000 Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead. Answer is complete but not entirely correct. Actual Costs Incurred Direct materials $ 83.700 Direct labor $ 185,500 Manufacturing $ overhead 249,500
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