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Use the product rule to find the derivative of the following.
Smithson, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is pound per glass at a cost of $ per pound. The actual result for one month's production of glasses was pounds per glass, at a cost of $ per pound. Calculate the direct materials cost variance and the direct materials efficiency variance.
Select the formula, then enter the amounts and compute the cost variance for direct materials. Enter amounts to the nearest cent as needed. Label the variance as favorable F or unfavorable U in the input field after the amount you enter.
Select the formula, then enter the amounts and compute the efficiency variance for direct materials. Enter amounts to the nearest cent as needed. Label the variance as favorable F or unfavorable U in the input field after the amount you enter.
Direct Materials Efficiency Variance
Ramirez, Inc. manufactures lead crystal glasses. The standard direct labor time is hour per glass, at a cost of $ per hour. The actual results for one month's production of glasses were hours per glass, at a cost of $ per hour. Calculate the direct labor cost variance and the direct labor efficiency variance.
Select the formula, then enter the amounts and compute the cost variance for direct labor. Label the variance as favorable F or unfavorable U in the input field after the amount you enter.
Direct Labor Cost Variance
Select the formula, then enter the amounts and compute the efficiency variance for direct labor. Label the variance as favorable F or unfavorable U in the input field after the amount you enter.
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