The following information will be used for this assignment: The provided data file for Lavatory Corporation includes
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Question:
The following information will be used for this assignment:
- The provided data file for Lavatory Corporation includes information pertaining to its liquid filling line during the first 10 months of a particular year. The standard ratio of direct-labor hours to machine hours is 4:1, while the standard ratio of ounces of direct material to units produced is 16:1.
- The standard direct-labor rate is $16.21, while the actual direct labor rate is $16.34.
- The standard price of the product is $0.21 per ounce, while the actual price of the product is $0.23 per ounce.
- Based on the data provided, we will calculate the following:
- Direct-Labor Efficiency Variance
- Direct-Labor Rate Variance
- Direct-Material Quantity Variance
- Direct-Material Price Variance
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