Question: Variance Analysis: Item Actual Cost ($) Standard Cost ($) Direct Materials 15,000 12,000 Direct Labor 12,000 10,000 Variable Overhead 8,000 7,000 Fixed Overhead 5,000 6,000
Variance Analysis:
Item | Actual Cost ($) | Standard Cost ($) |
Direct Materials | 15,000 | 12,000 |
Direct Labor | 12,000 | 10,000 |
Variable Overhead | 8,000 | 7,000 |
Fixed Overhead | 5,000 | 6,000 |
Compute the total variance.
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