Question: Using the data provided solve for all 6 values: a - 1 . What is the materials quantity variance? Note: Indicate the effect of each
Using the data provided solve for all values:
a What is the materials quantity variance?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
a What is the materials price variance?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
b What is the labor efficiency variance?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
b What is the labor rate variance?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Round your final answer to nearest whole dollar amount.
c What is the variable overhead efficiency variance?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
c What is the variable overhead rate variance?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
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